NOW Inc. amends credit facility; lowers cash dominion trigger, updates collateral terms

DNOW Inc.

First Amendment dated Dec 14, 2021 reduces Cash Dominion Event trigger to greater of 10% of Line Cap or $40M.
Post-close covenants require delivery of insurance endorsements, title insurance, and Canadian IP security agreements.
Departing Lenders' commitments repaid and cancelled; Commitments reallocated among remaining Lenders.
Loan parties reaffirm guarantees and security interests; release Agent and Lenders from pre-existing claims.
Schedules for commitment amounts, borrowing base, and eligible accounts amended.

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