RPC, Inc. has entered into an Amended and Restated Credit Agreement, extending its revolving credit facility. The facility has been increased to $100 million, with a $35 million letter of credit sub-facility and a $35 million swingline sub-facility. The termination date for revolving loans has been extended from June 22, 2027, to June 30, 2031. The agreement includes customary terms and conditions, such as restrictions on indebtedness and dividend payments. Financial covenants include a consolidated leverage ratio not exceeding 2.50:1.00 and a debt service coverage ratio of at least 2.00:1.00 when trailing four-quarter Adjusted EBITDA is $50 million or greater. Alternatively, if trailing four-quarter Adjusted EBITDA is less than $50 million, the minimum tangible net worth must be at least $400 million.