On November 26, 2014, Aly Energy Services, Inc. entered into an amendment of the company's amended and restated credit agreement with Wells Fargo Bank, as administrative agent. The amendment increases the size of the credit facility from $30 million to $35 million through the addition of a $5 million capital expenditure term loan facility. Draws under this facility are limited to 80% of the net invoiced cost of capital expenditures and must be made prior to May 24, 2015.

Borrowings under this capital expenditure facility are due in quarterly installments, commencing June 30, 2015, equal to 5% of the outstanding advances as of May 24, 2015, with a final balloon payment on April 30, 2017. Borrowings under this facility bear interest, at the company's option, at the base rate or LIBOR. The annual interest rate on each base rate borrowing is the Wells Fargo's Prime Rate, the Federal Funds Rate plus 0.5% and the one-month LIBOR rate on such day plus 1.00%, plus a margin between 2.50% and 3.50% (depending on the then current leverage ratio).

The interest rate on each LIBOR loan will be the LIBOR rate for the applicable interest period plus a margin between 3.50% and 4.50% (depending on the then-current leverage ratio).