---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-198887"
form_type: "8-K"
ticker: "DVN"
cik: "0001090012"
company_name: "DEVON ENERGY CORP/DE"
filed_at: "2024-08-12T23:59:59+00:00"
generated_at: "2026-05-31T09:57:41.020942+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Devon Energy enters into $2 billion delayed draw term loan credit agreement for Grayson Mill acquisition

## Summary
- Entered into credit agreement on Aug 12, 2024, providing up to $2 billion in delayed draw term loans.
- Includes a 364-day tranche of up to $500 million and a two-year tranche of up to $1.5 billion.
- Loan proceeds will fund a portion of cash consideration for the acquisition of Grayson Mill Intermediate HoldCo II and III.
- Bank of America, N.A. serves as administrative agent with multiple syndication agents.
- Borrower must maintain a funded debt to total capitalization ratio no greater than 65%.

## SEC filing metadata
- accession: 0001193125-24-198887
- form_type: 8-K
- ticker: DVN
- cik: 0001090012
- company_name: DEVON ENERGY CORP/DE
- filed_at: 2024-08-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090012/000119312524198887/0001193125-24-198887-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000119312524198887/d746922d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-198887
- JSON: https://secwatch.observer/filing/0001193125-24-198887.json
- Plain text: https://secwatch.observer/filing/0001193125-24-198887.txt

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