C&J Energy Services is continuing discussions with its lenders and has entered into a forbearance agreement under which the lenders have agreed to forbear from exercising default remedies or accelerating any indebtedness through June 30, 2016.

According to a related 8-K filing, the lender group is led by Bank of America serving as administrative agent.

The forbearance agreement will provide the company with additional flexibility to continue discussions with its creditors.