Brief: RPC, Inc. Expands Its Oilfield Cementing Service Line Through The Acquisition Of Spinnaker Oilwell Services, Llc

RPC

30/06/2023 22:10

June 30 (Reuters) - Rpc Inc  RES.N :
    * RPC, INC. EXPANDS ITS OILFIELD CEMENTING SERVICE LINE
THROUGH
THE ACQUISITION OF SPINNAKER OILWELL SERVICES, LLC
    * PURCHASE PRICE WAS $79.5 MILLION IN EXCHANGE FOR 100
PERCENT OF
SPINNAKER'S EQUITY.
    * TRANSACTION CONSIDERATION CONSISTED OF  $77.0 MILLION OF
CASH,
AND $2.0 MILLION PAYOFF AND $0.5 MILLION ASSUMPTION OF CAPITAL
LEASE LIABILITIES.

Source text for Eikon:  ID:nPn7lDTgKa 
Further company coverage:  RES.N 

 ((Reuters.Brief@thomsonreuters.com;))