Crescent Energy amends credit facility; reaffirms $2.0B borrowing base, $1.3B commitments

Crescent Energy Co

Borrowing base reaffirmed at $2.0 billion; elected commitments maintained at $1.3 billion.
Pricing unchanged: SOFR plus 2.35%-3.35% or base rate plus 1.25%-2.25% based on utilization.
Amendment effective December 13, 2023; no event of default existing.
Guarantors include numerous subsidiaries; lenders include Wells Fargo, JPMorgan, BofA, RBC, others.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Crescent Energy Co amended Sixth Amendment to Credit Agreement with Wells Fargo Bank, National Association (effective 2023-12-13).

Action: amendment
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association
Effective: 2023-12-13

Exact text from the filing

On December 13, 2023, Crescent Energy Finance LLC, a Delaware limited liability company (“Crescent Finance”) and wholly owned subsidiary of Crescent Energy Company (NYSE: CRGY) (the “Company”), entered into that certain Sixth Amendment to Credit Agreement (the “Credit Agreement Amendment”), which amended the Company’s existing Credit Agreement, dated as of May 6, 2021

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Crescent Energy Co filing history →

Source: SEC EDGAR

accession 0001193125-23-296661

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