C&J Energy Services, Inc. (NYSE:C) Files An 8-K Entry into a Material Definitive Agreement
Item1.01
| Entry into a Material Definitive Agreement |
On March16, 2017, CJ Energy Services, Inc. (the Company) entered
into an amendment to the Revolving Credit and Security Agreement
(the ABL Facility), dated January6, 2017, among the Company, the
subsidiaries of the Company party thereto as borrowers, the
lenders party thereto and PNC Bank National Association, as
administrative agent (the Amendment). Among other things, the
Amendment modifies the ABL Facility by increasing the amount of
growth capital expenditures which the Company will be permitted
to make during its 2017 fiscal year from $25.0 million to $60.0
million.
The foregoing description of the Amendment is qualified in its
entirety by reference to the full text of the Amendment, a copy
of which is filed as Exhibit 10.1 to this Current Report on Form
8-K and is incorporated herein by reference.
| Item9.01 | Financial Statements and Exhibits |
(d) Exhibits
|
ExhibitNo. |
Description of Exhibit |
|
| 10.1 |
Amendment to Credit Agreement, dated as of March 16, 2017, among the Company, the subsidiaries of the Company party thereto as borrowers, the lenders party thereto and PNC Bank National Association, as administrative agent |
About C&J Energy Services, Inc. (NYSE:C)
Citigroup Inc. (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. The Company operates through two segments: Citicorp and Citi Holdings. Citicorp is the Company’s global bank for consumers and businesses and represents its core franchises. Citicorp is focused on providing products and services to customers and leveraging the Company’s global network, including various economies. As of December 31, 2016, Citicorp was present in 97 countries and jurisdictions, and offered services in over 160 countries and jurisdictions. Global Consumer Banking (GCB) provides traditional banking services to retail customers through retail banking, including Citi-branded cards and Citi retail services. C&J Energy Services, Inc. (NYSE:C) Recent Trading Information
C&J Energy Services, Inc. (NYSE:C) closed its last trading session down -0.78 at 59.59 with 14,551,159 shares trading hands.
