On May 3, 2017, Performant Business Services, Inc., which is a
wholly-owned subsidiary of Performant Financial Corporation (the
Company) and is the borrower under that certain Credit Agreement
dated as March 19, 2012 with Madison Capital Funding LLC, as
agent (the Agent) and the lenders party thereto from time to time
(as amended, the Credit Agreement), entered into Amendment No. 8
to the Credit Agreement (the Eighth Amendment). The Company and
certain other of its subsidiaries are guarantors of the
obligations under the Credit Agreement.

to the Eighth Amendment, the March 19, 2018 maturity date of the
Term B loan advanced under the Credit Agreement was extended to
June 19, 2018. As a result of this extension, regularly scheduled
quarterly amortization payments of $247,500 will also extend
through March 31, 2018, with the remaining outstanding principal
amount being due on the June 19, 2018 maturity date. Interest on
the Term B loan charged under the Credit Agreement, as revised by
the Eighth Amendment, was also increased by 3.00% per annum,
however the amount of such increased interest will be payable in
kind. The quarterly and annual financial reporting covenants were
also modified under the Eighth Amendment to require that the
Companys financial statements required to be delivered to the
Agent not containing a qualification, if required by GAAP, with
respect to the ability of the Company to continue as a going
concern. In connection with the Eighth Amendment, the Company
prepaid $7.5 million under the Credit Agreement, which was
applied to the Term B loan. In addition, the Company deposited
$6.0 million into a deposit account which is subject to the
exclusive control of the Agent. to the Eighth Amendment, these
funds will be remitted to the Agent for application to the Term B
loan or other obligations, as applicable, under the Credit
Agreement on the earlier to occur of (i) August 3, 2017 and (ii)
the occurrence and continuation of an event of default.

The Companys financial covenants were modified by the Eighth
Amendment as follows:

The foregoing summary of the Eighth Amendment does not purport to
be complete and is subject to, and qualified in its entirety by,
the full text of such Eighth Amendment, a copy of which is filed
as Exhibit 10.1 and incorporated herein by reference.

On May 9, 2017, Performant Financial Corporation issued a press
release announcing financial results for its quarter ended March
31, 2017. The full text of the press release is furnished as
Exhibit 99.1.

The information furnished in this Form 8-K, including the exhibit
attached, shall not be deemed filed for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended (the Exchange
Act), and it shall not be deemed incorporated by reference in any
filing under the Securities Act of 1933, as amended, or the
Exchange Act, except as expressly set forth by specific reference
in such filing.