---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-053940"
form_type: "8-K"
ticker: null
cik: "0001509589"
company_name: "CIVITAS RESOURCES, INC."
filed_at: "2025-05-29T23:59:59+00:00"
generated_at: "2026-05-20T05:44:04.534638+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-053940
- form_type: 8-K
- cik: 0001509589
- company_name: CIVITAS RESOURCES, INC.
- filed_at: 2025-05-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1509589/000110465925053940/0001104659-25-053940-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1509589/000110465925053940/tm2516385d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-053940
- JSON: https://secwatch.observer/filing/0001104659-25-053940.json
- Plain text: https://secwatch.observer/filing/0001104659-25-053940.txt

## Key facts
- Debt Financings
  CIVITAS RESOURCES, INC. amended credit facility of $3.3 billion borrowing base with JPMorgan Chase Bank, N.A. (as administrative agent).
  - Instrument: credit facility
  - Principal: $3.3 billion borrowing base
  - Counterparty: JPMorgan Chase Bank, N.A. (as administrative agent)
  - Event: amendment
  source text: On May 28, 2025, Civitas Resources, Inc., a Delaware corporation (the “Company”), the guarantors party thereto (the “Guarantors”), the lenders party thereto, and JPMorgan Chase Bank, N.A., as the administrative agent (the “Administrative Agent”) entered into an Eighth Amendment to Amended and Restated Credit Agreement (the “Eighth Amendment”), which Eighth Amendment amends the terms of that certain Amended and Restated Credit Agreement, dated as of November 1, 2021, among the Company, the Guarantors, each lender from time to time party thereto, and the Administrative Agent (the “Credit Agreement”). The Eighth Amendment amends the Credit Agreement to, among other things: (i) reduce the Borrowing Base (as defined in the Credit Agreement) from $3.4 billion to $3.3 billion, (ii) reaffirm the elected loan limit under the Credit Agreement at $2.5 billion, and (iii) modify the definition of “Revolving Credit Maturity Date” in the Credit Agreement to remove the springing maturity requirement t
  evidence_url: https://www.sec.gov/Archives/edgar/data/1509589/000110465925053940/0001104659-25-053940-index.htm

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