Gold prices edge lower; heading for weekly losses ahead of U.S.-Russia talks
Lori Briggs, VP & President, Ind. Solutions at NPK International Inc. (EXCHANGE:NPKI), sold 8,005 shares of common stock on August 11, 2025. The sales were executed at weighted average price of $9.5125, netting Briggs $76,147.
The prices for the shares sold ranged from $9.31 to $9.66. Following the transaction, Briggs directly owns 252,621 shares of NPK International Inc., which currently has a market capitalization of $835 million and maintains a "GOOD" financial health score.
The sale was executed automatically under a 10b5-1 trading plan adopted on March 11, 2025. The stock is currently trading near its 52-week high of $9.89, having gained over 45% in the past six months. InvestingPro subscribers have access to 12 additional key insights about NPKI’s performance and outlook.
In other recent news, NPK International Inc. has announced a new $150 million revolving loan credit agreement. This agreement, effective June 20, 2025, replaces the company’s previous asset-based revolving credit facility. The five-year arrangement features an accordion option, which permits the expansion of the facility up to $250 million. Interest rates for the revolving loans will be based on either Term SOFR plus 175 to 225 basis points or Base Rate plus 75 to 125 basis points. The applicable margin for these rates will be determined by NPK International’s consolidated leverage ratio. This development marks a significant financial move for the company, potentially impacting its future financial strategies.
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