C&J Energy Services Inc. - 2015-09-30

Reduced its revolving credit facility commitment by $200 million. Also, suspended the quarterly maximum leverage and minimum interest coverage ratio tests, implemented a quarterly minimum EBITDA covenant and increased the applicable rate on outstanding revolver borrowings. No changes were made to the pricing terms or maturity dates of the term loan B facility. Changes are effective Sept. 29, which maintains the revolver's original scheduled maturity date in 2020. Currently has $94 million drawn and $12.6 million of letters of credit outstanding under the revolver, along with $1.057 billion outstanding under the term loan B facility.