PERMA FIX ENVIRONMENTAL SERVICES INC : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an…

Item 1.01. Entry into a Material Definitive Agreement.

On August 29, 2022, Perma-Fix Environmental Services, Inc. (the "Company")entered into an amendment to its Loan Agreement (as defined below) with PNCBank, National Association ("PNC" or "lender") as discussed under Item 2.03below, which is incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under anOff Balance Sheet Arrangement of a Registrant.

The Company and PNC entered into a Fifth Amendment ("Fifth Amendment") to itsSecond Amended and Restated Revolving Credit, Term Loan and Security Agreement,as amended ("Loan Agreement") on August 29, 2022, to set forth certain revisionsto the Loan Agreement. The new revisions to the Loan Agreement are included inthe revised Loan Agreement attached hereto as Exhibit 4.2 and referenced in theFifth Amendment as Annex A ("Revised Loan Agreement"). The new revisions in theRevised Loan Agreement include, among other revisions, (i) removal of andreplacing the reference to the London InterBank Offer Rate "("LIBOR") basedinterest rate benchmark provisions with the Secured Overnight Finance Rate("SOFR"). If the Company selects the SOFR benchmark provisions, payment ofinterest due on the revolving credit will be "Term SOFR Rate" (as defined inExhibit 4.2 hereto and referenced as Annex A in the Fifth Amendment) plus 3.00%plus an SOFR Adjustment applicable for an interest period selected by theCompany and payment of interest due on the term loan and capital line will beTerm SOFR Rate plus 3.50% plus an SOFR Adjustment for an interest periodselected by the Company. Pursuant to the Revised Loan Agreement, SOFR Adjustmentrates of 0.10% and 0.15% will be applicable for a one-month interest period andthree-month period, respectively; and (ii) adding certain additionalanti-terrorism provisions to the covenants contained in the Loan Agreement.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

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PERMA FIX ENVIRONMENTAL SERVICES INC : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an...