On January 17, 2014, RPC Inc. entered into that certain Amendment No. 2 to Credit Agreement and Amendment No. 1 to Subsidiary Guaranty Agreement, between RPC, Bank of America, N.A., certain other Lenders party thereto, and the Subsidiary Loan Parties party thereto.

The Amendment extended the maturity date of all revolving loans under RPC's Credit Agreement with Bank of America Merrill Lynch, SunTrust Robinson Humphrey Inc., Regions Capital Markets and PNC Capital Markets LLC, as Joint Lead Arrangers and Joint Bank Managers, and a syndicate of other lenders, from August 31, 2015 to January 17, 2019. RPC incurred commitment fees and other debt related costs associated with the Amendment of approximately $687,500. Interest rates on the revolving loans under the Credit Agreement are reduced by 0.125% at all pricing levels under the Credit Agreement, and the commitment fees are reduced by 0.025% at certain pricing levels under the Credit Agreement.

The amount of the swing line sub-facility under the Credit Agreement has increased from $25 million to $35 million.