Crescent Energy Co (CRGY): debt financing — Crescent Energy amends credit facility: borrowing base rises to $3.9B on Vital merger close; maturity extended to 2030

Crescent Energy Co

Borrowing base automatically increases by $1.3B to $3.9B upon completion of Crescent-Vital combination.
Maturity date extended from April 2029 to October 2030 for revolving loans; applicable margin reduced to SOFR+1.75%-2.75%.
Maximum credit amount increased from $3.0B to $6.0B; aggregate elected commitments unchanged at $2.0B.
Amendment executed October 22, 2025; contingent on satisfaction of conditions including closing of Vital transaction.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Crescent Energy Co amended credit facility of $2.0 billion with Wells Fargo Bank, National Association at SOFR plus 1.75% to 2.75% maturing October 22, 2030.

Instrument: credit facility
Principal: $2.0 billion
Counterparty: Wells Fargo Bank, National Association
Rate: SOFR plus 1.75% to 2.75%
Maturity: October 22, 2030
Event: amendment

Exact text from the filing

aggregate maximum credit amount under Crescent’s credit facility from $3.0 billion to $6.0 billion. The Credit Agreement Amendment maintains the aggregate elected commitments at $2.0 billion. The foregoing description of the Credit Agreement Amendment does not purport to be complete and is qualified in its entirety by reference to the text of the Credit Agreement

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Source: SEC EDGAR

accession 0001628280-25-046274

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