Civitas Resources cuts borrowing base to $3.3B, reaffirms $2.5B loan limit

CIVITAS RESOURCES, INC.

Borrowing base reduced from $3.4B to $3.3B in Eighth Amendment to credit agreement.
Elected loan limit reaffirmed at $2.5B; no change in total commitment.
Revolving credit maturity date modified to remove springing maturity tied to 2026 senior notes.
Amendment dated May 28, 2025, with lenders including JPMorgan, Citibank, Wells Fargo.

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