---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-122224"
form_type: "8-K"
ticker: "DVN"
cik: "0001090012"
company_name: "DEVON ENERGY CORP/DE"
filed_at: "2026-03-24T23:59:59+00:00"
generated_at: "2026-05-15T09:09:40.417972+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Devon Energy extends credit facility maturity to 2031, removes 10 bps SOFR spread

## Summary
- Amended credit agreement extends maturity date from March 24, 2030 to March 24, 2031.
- Removes the 10 basis point credit spread adjustment on SOFR-based borrowing rates.
- Company retains right to request up to three one-year extensions, subject to lender approval.
- Amendment involves existing syndicate including Bank of America, Citibank, JPMorgan, and others.

## SEC filing metadata
- accession: 0001193125-26-122224
- form_type: 8-K
- ticker: DVN
- cik: 0001090012
- company_name: DEVON ENERGY CORP/DE
- filed_at: 2026-03-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090012/000119312526122224/0001193125-26-122224-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000119312526122224/d48781d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-122224
- JSON: https://secwatch.observer/filing/0001193125-26-122224.json
- Plain text: https://secwatch.observer/filing/0001193125-26-122224.txt

## Source-grounded claims
- claim_id: b86f290e9c1434799c9bf58094752221a3670b27
  claim: DEVON ENERGY CORP/DE amended First Amendment to Amended and Restated Credit Agreement with the lenders and the letter of credit issuers party thereto and Bank of America, N.A., as administrative agent (effective 2026-03-24).
  evidence_excerpt: On March 24, 2026, Devon Energy Corporation, a Delaware corporation (the “ Company ”), entered into a First Amendment to Amended and Restated Credit Agreement (the “ Amendment ”), by and among the Company, as borrower, the lenders and the letter of credit issuers party thereto and Bank of America, N.A., as administrative agent, which amends that certain Amended and Restated Credit Agreement, dated as of March 24, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312526122224/0001193125-26-122224-index.htm

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