Performant Business Services entered into the seventh amendment to its credit agreement with Madison Capital Funding as agent.

In connection with a fourth amendment dated February 19, 2016, the company deposited $7.5 million into a deposit account which is subject to the exclusive control of the Madison Capital Funding.

Pursuant to the seventh amendment, the date on which these funds will be remitted to the agent for application to the term loans or other obligations, has been extended by approximately two and a half months, to May 15, 2017.