---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-128602"
form_type: "8-K"
ticker: "CTRA"
cik: "0000858470"
company_name: "Coterra Energy Inc."
filed_at: "2024-12-16T23:59:59+00:00"
generated_at: "2026-05-29T03:12:52.157571+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Coterra enters $1.0B term loan to fund two Permian Basin acquisitions

## Summary
- Tranche A ($500M) funds Franklin Mountain acquisition; Tranche B ($500M) funds Avant acquisition.
- Loans bear interest at SOFR plus 0.10% credit spread plus margin of 100-187.5 bps depending on credit rating.
- Tranche A matures 2 years after funding; Tranche B matures 3 years after funding.
- Ticking fee 10-25 bps on undrawn commitments; maximum leverage ratio 3.0x.
- Commitments terminate if acquisitions not closed by June 30, 2025 (Tranche A) or Feb 17, 2025 (Tranche B).

## SEC filing metadata
- accession: 0001104659-24-128602
- form_type: 8-K
- ticker: CTRA
- cik: 0000858470
- company_name: Coterra Energy Inc.
- filed_at: 2024-12-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/858470/000110465924128602/0001104659-24-128602-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/858470/000110465924128602/tm2430815d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-128602
- JSON: https://secwatch.observer/filing/0001104659-24-128602.json
- Plain text: https://secwatch.observer/filing/0001104659-24-128602.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.