{"schema_version":"secwatch.filing_event.v1","accession":"0000858470-23-000014","form_type":"8-K","ticker":"CTRA","cik":"0000858470","company_name":"Coterra Energy Inc.","filed_at":"2023-03-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.268967+00:00","generated_at":"2026-06-18T01:22:55.821224+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Coterra Energy enters $1.5B revolving credit facility, replaces existing agreement","bullets":["New $1.5B revolving credit facility with JPMorgan as administrative agent, maturing March 10, 2028.","Borrowings bear interest at SOFR plus 100-175 bps or base rate plus 0-75 bps, based on credit ratings.","Commitment fee on unused portion ranges from 10 to 27.5 bps annually.","Facility can be increased by up to $500M subject to lender consent; includes $100M swingline and $500M LC subfacilities.","Financial covenant requires maximum leverage ratio of 3.0x or total debt to capitalization of 65%; existing credit agreement terminated."],"urls":{"canonical":"https://secwatch.observer/filing/0000858470-23-000014","json":"https://secwatch.observer/filing/0000858470-23-000014.json","markdown":"https://secwatch.observer/filing/0000858470-23-000014.md","text":"https://secwatch.observer/filing/0000858470-23-000014.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/858470/000085847023000014/0000858470-23-000014-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/858470/000085847023000014/cog-20230310.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T01:22:55.821224+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3e7f910def768bd26be0f2da72e503020f36deea","claim":"Coterra Energy Inc. terminated Second Amended and Restated Credit Agreement with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (effective 2023-03-10).","evidence_excerpt":"Concurrently with the Company’s entry into the Credit Agreement, the Company terminated its existing second amended and restated credit agreement, dated as of April 22, 2019 (as amended, the “Existing Credit Agreement”), with the lenders party thereto and JPMorgan, as administrative agent thereunder.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/858470/000085847023000014/0000858470-23-000014-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Effective","value":"2023-03-10"}],"fact_type":"material_agreement"},{"claim_id":"90f1aed3d5912e71fbd0c04927b570640d0fc497","claim":"Coterra Energy Inc. entered into Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders and issuing banks party thereto valued at $1.5 billion (effective 2023-03-10).","evidence_excerpt":"On March 10, 2023, Coterra Energy Inc. (the “Company”) entered into a revolving credit agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent (“JPMorgan”), and certain lenders and issuing banks party thereto.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/858470/000085847023000014/0000858470-23-000014-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders and issuing banks party thereto"},{"label":"Value","value":"$1.5 billion"},{"label":"Effective","value":"2023-03-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}