CREDIT AGREEMENTby and amongWELLS FARGO BANK, NATIONAL ASSOCIATION,as Administrative Agent,WELLS FARGO BANK, NATIONAL ASSOCIATION,as Sole Lead Arranger,WELLS FARGO BANK, NATIONAL ASSOCIATION,as Sole Book Runner,THE LENDERS THAT ARE PARTIES HERETO,as...Credit Agreement • November 8th, 2017 • Pioneer Energy Services Corp • Drilling oil & gas wells • New York
THIS CREDIT AGREEMENT, is entered into as of November 8, 2017 by and among the lenders identified on the signature pages hereof (each of such lenders, together with its successors and permitted assigns, is referred to hereinafter as a "Lender", as that term is hereinafter further defined), WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as administrative agent for each member of the Lender Group and the Bank Product Providers (in such capacity, together with its successors and assigns in such capacity, "Agent"), WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as sole lead arranger (in such capacity, together with its successors and assigns in such capacity, the "Sole Lead Arranger"), WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as sole book runner (in such capacity, together with its successors and assigns in such capacity, the "Sole Book Runner"), PIONEER ENERGY SERVICES CORP., a Texas corporation ("Parent"), t
GUARANTY AND SECURITY AGREEMENTGuaranty and Security Agreement • November 8th, 2017 • Pioneer Energy Services Corp • Drilling oil & gas wells • New York
This GUARANTY AND SECURITY AGREEMENT (this "Agreement"), dated as of November 8, 2017, by and among the Persons listed on the signature pages hereof as "Grantors" and those additional entities that hereafter become parties hereto by executing the form of Joinder attached hereto as Annex 1 (each, a "Grantor" and collectively, the "Grantors"), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association ("Wells Fargo"), in its capacity as administrative agent for each member of the Lender Group and the Bank Product Providers (in such capacity, together with its successors and assigns in such capacity, "Agent").
INTERCREDITOR AGREEMENT Dated as of November 8, 2017 among Wells Fargo Bank, National Association, as Initial ABL Agent and Wilmington Trust, National Association, as Initial Term Agent and acknowledged and agreed to by Pioneer Energy Services Corp.,...Intercreditor Agreement • November 8th, 2017 • Pioneer Energy Services Corp • Drilling oil & gas wells • New York
This INTERCREDITOR AGREEMENT (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, this “Agreement”), is dated as of November 8, 2017, and entered into by and among Wells Fargo Bank, National Association, as agent for the holders of the Initial ABL Obligations (as defined below) (in such capacity and together with its successors and assigns from time to time, the “Initial ABL Agent”), and Wilmington Trust, National Association, as agent for the holders of the Initial Term Obligations (as defined below) (in such capacity and together with its successors and assigns from time to time, the “Initial Term Agent”) and acknowledged and agreed to by Pioneer Energy Services Corp. (the “Company”), and the other Grantors (as defined below). Capitalized terms used in this Agreement have the meanings set forth in Section 1 below.
TERM LOAN AGREEMENT dated as of November 8, 2017 Among PIONEER ENERGY SERVICES CORP., as Borrower, WILMINGTON TRUST, NATIONAL ASSOCIATION,as Administrative Agent, GOLDMAN SACHS LENDING PARTNERS LLC,as Syndication Agent, and THE LENDERS NAMED HEREIN,...Term Loan Agreement • November 8th, 2017 • Pioneer Energy Services Corp • Drilling oil & gas wells • New York
This Term Loan Agreement, dated as of November 8, 2017, is among (a) Pioneer Energy Services Corp., a Texas corporation (the “Borrower”), (b) the Lenders from time to time party hereto, (c) Wilmington Trust, National Association, as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”) and (d) Goldman Sachs Lending Partners LLC (individually, “Goldman Sachs”), as syndication agent (in such capacity, the “Syndication Agent”) and the Arranger (as defined below).
GUARANTY AGREEMENTGuaranty Agreement • November 8th, 2017 • Pioneer Energy Services Corp • Drilling oil & gas wells • New York
This Guaranty Agreement dated as of November 8, 2017 (this “Guaranty”) is executed by each of the undersigned (together with any other Person that may become a party hereto as provided in Section 16 hereof, individually a “Guarantor” and collectively, the “Guarantors”), in favor of Wilmington Trust, National Association, as administrative agent under the Credit Agreement referred to below for the ratable benefit of itself and the other Secured Parties (as defined in the Credit Agreement referred to below) (in such capacity, the “Administrative Agent”).
SECURITY AGREEMENTSecurity Agreement • November 8th, 2017 • Pioneer Energy Services Corp • Drilling oil & gas wells • New York
This Security Agreement dated as of November 8, 2017 (“Security Agreement”), is by and among Pioneer Energy Services Corp., a Texas corporation (the “Borrower”), certain Subsidiaries of the Borrower signatory hereto (together with the Borrower and any other Person that may become a party hereto pursuant to Section 21 hereof, the “Grantors” and each individually, a “Grantor”) and Wilmington Trust, National Association, as administrative agent under the Credit Agreement referred to below, for the ratable benefit of itself and the other Secured Parties (as defined in the Credit Agreement referred to below) (in such capacity, the “Administrative Agent”).
