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RPC voluntarily reduces commitment to $125 million from $350 million
By Wendy Van Sickle
Columbus, Ohio, Nov. 6 – RPC, Inc. voluntarily reduced commitments under its credit agreement with Bank of America, NA as administrative agent to $125 million on Tuesday, according to an 8-K filed with the Securities and Exchange Commission.
Commitments previously totaled $350 million. No other terms were changed.
Atlanta-based RPC provides oilfield services and equipment to independent and major oilfield companies.
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