NOTES PAYABLE TO BANKS (Detail Textuals 3) - Subsequent Event - Amended revolving credit facility
$ in Millions

1 Months Ended

Jul. 26, 2018

USD ($)

Option 1

Line of Credit Facility [Line Items]

Borrowing capacity description

(i) when RPC's trailing four quarter EBITDA (as calculated under the credit agreement) is equal to or greater than $50 million, a maximum consolidated leverage ratio of 2.50:1.00 and a minimum debt service coverage ratio of 2.00:1.00, and

Maximum consolidated leverage ratio

2.50:1.00

Minimum debt service coverage ratio

2.00:1.00

Option 2

Line of Credit Facility [Line Items]

Borrowing capacity description

(ii) otherwise, a minimum tangible net worth covenant of no less than $600 million.

Minimum tangible net worth

$ 600.0

Option 2A

Line of Credit Facility [Line Items]

Borrowing capacity description

This amendment additionally (1) extends the maturity date of the revolving credit facility from January 17, 2019 to July 26, 2023

Option 2B

Line of Credit Facility [Line Items]

Borrowing capacity description

(2) eliminates any borrowing base limitations on revolving loans when RPC's trailing four quarter EBITDA (as calculated under the credit agreement) is equal to or greater than $50 million

Option 2C

Line of Credit Facility [Line Items]

Borrowing capacity description

(3) reduces the commitment fees payable by RPC by 7.5 basis points at each pricing level and

Reduction in commitment fees payable

7.50%

Option 2D

Line of Credit Facility [Line Items]

Borrowing capacity description

(4) reduces the letter of credit sublimit from $50 million to $35 million.

Borrowing base of line of credit

$ 3.5