secwatch.observer — SEC 8-K summary
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Issuer:     RPC INC (RES)
CIK:        0000742278
Form:       8-K
Filed at:   2025-04-07T23:59:59+00:00
Accession:  0001558370-25-004495
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RPC acquires Pintail Completions for $245M; expands Permian wireline services
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- Purchase price $245M: ~$170M cash, $25M restricted stock (4.5M shares), $50M seller note.
- Pintail's 2024 revenue ~$409M; operates 30+ wireline fleets in Permian Basin.
- Acquisition expected to be accretive to RPC's 2025 EPS and operating/free cash flow.
- Pintail will operate independently; founders sign employment and noncompete agreements.
- Transaction funded from cash on hand; post-closing working capital adjustment included.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/742278/000155837025004495/0001558370-25-004495-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/742278/000155837025004495/res-20250401x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-004495

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