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<TITLE> Mitcham Industries, Inc. (Form: 8-K) </TITLE>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
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	WASHINGTON, D.C. 20549
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	FORM 8-K
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	CURRENT REPORT
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	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	Date of Report (Date of Earliest Event Reported):
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	March 21, 2017
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	Mitcham Industries, Inc.
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<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
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	Texas
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	001-13490
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	76-0210849
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_____________________<BR>
	(State or other jurisdiction
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_____________<BR>
	(Commission
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______________<BR>
	(I.R.S. Employer
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	of incorporation)
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	File Number)
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	Identification No.)
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	8141 SH 75 South, P.O. Box 1175, Huntsville, Texas
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	77342
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_________________________________<BR>
	(Address of principal executive offices)
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___________<BR>
	(Zip Code)
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	Registrant&#146;s telephone number, including area code:
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	936-291-2277
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	Not Applicable
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	Former name or former address, if changed since last report
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	&nbsp;
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
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[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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	Item 1.02 Termination of a Material Definitive Agreement.
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On March 16, 2017, Mitcham Industries, Inc. (the "Company") repaid all outstanding obligations under the Company's amended revolving credit facility (the "Credit Agreement") with HSBC Bank USA, NA (the "Bank") and cancelled the Credit Agreement effective March 21, 2017. The Credit Agreement was originally a $50.0 million, three-year revolving credit facility with a maturity date of August 2, 2016, which was reduced over three amendments to a $10.0 million revolving credit facility with an extended maturity date of August 17, 2017. The Credit Agreement was collateralized by substantially all of the Company&#x2019;s domestic assets (other than real estate) and 65% of the capital stock of Mitcham Holdings, Ltd., a foreign holding company and wholly owned subsidiary of the Company that holds the capital stock of the Company&#x2019;s foreign subsidiaries. The Credit Agreement provided interest at a base rate or LIBOR, plus an applicable margin. The Company had agreed to pay a commitment fee on the unused portion of the Credit Agreement of 0.375% to 0.5%. No material early termination penalties were incurred related to the termination of the Credit Agreement.
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	SIGNATURES
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	Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
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	Mitcham Industries, Inc.
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	March 27, 2017
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	By:
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	Robert P. Capps
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	Name: Robert P. Capps
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	Title: Co-Chief Executive Officer, Executive Vice President-Finance and Chief Financial Officer
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Mitcham Industries, Inc. (Form: 8-K)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
March 21, 2017
Mitcham Industries, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
Texas
001-13490
76-0210849
_____________________
(State or other jurisdiction
_____________
(Commission
______________
(I.R.S. Employer
of incorporation)
File Number)
Identification No.)
8141 SH 75 South, P.O. Box 1175, Huntsville, Texas
77342
_________________________________
(Address of principal executive offices)
___________
(Zip Code)
Registrant's telephone number, including area code:
936-291-2277
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Top of the Form
Item 1.02 Termination of a Material Definitive Agreement.
On March 16, 2017, Mitcham Industries, Inc. (the "Company") repaid all outstanding obligations under the Company's amended revolving credit facility (the "Credit Agreement") with HSBC Bank USA, NA (the "Bank") and cancelled the Credit Agreement effective March 21, 2017. The Credit Agreement was originally a $50.0 million, three-year revolving credit facility with a maturity date of August 2, 2016, which was reduced over three amendments to a $10.0 million revolving credit facility with an extended maturity date of August 17, 2017. The Credit Agreement was collateralized by substantially all of the Company's domestic assets (other than real estate) and 65% of the capital stock of Mitcham Holdings, Ltd., a foreign holding company and wholly owned subsidiary of the Company that holds the capital stock of the Company's foreign subsidiaries. The Credit Agreement provided interest at a base rate or LIBOR, plus an applicable margin. The Company had agreed to pay a commitment fee on the unused portion of the Credit Agreement of 0.375% to 0.5%. No material early termination penalties were incurred related to the termination of the Credit Agreement.
Top of the Form
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
Mitcham Industries, Inc.
March 27, 2017
By:
Robert P. Capps
Name: Robert P. Capps
Title: Co-Chief Executive Officer, Executive Vice President-Finance and Chief Financial Officer