Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
RPC INC incurred debt of $50 million in the form of a secured note payable with Houston Companies, L.P. at variable rate equal to the Simple Secured Overnight Financing Rate, or SOFR, for maturing three years from the Closing Date.
- Principal
- $50 million in the form of a secured note payable
- Counterparty
- Houston Companies, L.P.
- Rate
- variable rate equal to the Simple Secured Overnight Financing Rate, or SOFR, for
- Maturity
- three years from the Closing Date
- Event
- incurrence
Exact text from the filing
$50 million in the form of a secured note payable to Houston LP (the “Seller Note”)
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
RPC INC completed an acquisition involving Pintail Alternative Energy, L.L.C. for $245 million (closed 2025-04-01).
- Action
- acquisition
- Counterparty
- Pintail Alternative Energy, L.L.C.
- Consideration
- $245 million
- Closing
- 2025-04-01
Exact text from the filing
is a leading provider of wireline services in support of pump-down perforation operations in the greater Permian Basin. Transaction Consideration The purchase price was $245 million for 100% of Pintail’s equity. The Transaction consideration consisted of approximately $170 million of cash, to be adjusted as noted below, $25 million of RPC common stock
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