Item 1.01. Entry into a Material Definitive Agreement.

On July 9, 2020, Quintana Energy Services Inc. (the "Company"),Quintana Energy Services, LLC ("QES LLC"), the various other borrowers party thereto (together with the Company and QES LLC, the "Borrowers"), Bank of America, N.A., as agent, and the lenders party thereto, entered into that certain First Amendment to Loan, Security and Guaranty Agreement (the "Amendment"), which amended certain terms of that certain Loan, Security and Guaranty Agreement, dated as of February 13, 2018, by and among the Borrowers, Bank of America, N.A., as agent, and each of lenders party thereto (as amended, restated, supplemented or otherwise modified, the "Credit Agreement").

The Amendment provides for, among other things, a reduction of total commitments to $50.0 million on the effective date of the Amendment, with corresponding reductions in the definitions of various trigger periods under the Credit Agreement. Additionally, the Amendment increases the Applicable Margin (as defined in the Credit Agreement) by 50 basis points at each level of the pricing grid.

The foregoing description of the Amendment does not purport to be complete. The description of the Amendment herein is qualified by reference to the copy of the Amendment filed as Exhibit 10.1 to this report, which is incorporated by reference into this report in its entirety. Item 9.01. Financial Statements and Exhibits




(d)  Exhibits
Exhibit No.                                Description
  10.1*+        First Amendment to Loan, Security, and Guaranty Agreement, dated as
              of July 9, 2020, among Quintana Energy Services Inc., Quintana Energy
              Services, LLC and each other person signatory thereto as a borrower,
              as borrowers, Bank of America, N.A., as agent, and the lenders party
              thereto.

* Furnished herewith. +Certain schedules and exhibits to this agreement have been omitted in accordance with Item 601(b)(2) of Regulation S-K. A copy of any omitted schedule and/or exhibit will be furnished supplementally to the Securities and Exchange Commission staff upon request.

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