Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Crescent Energy Co amended credit facility with Wells Fargo Bank, National Association, as administrative agent, collateral agent and a letter of credit issuer at SOFR plus 2.35% to 3.35% or an adjusted base rate plus 1.25% to 2.25%, in each c maturing April 10, 2029.
- Instrument
- credit facility
- Counterparty
- Wells Fargo Bank, National Association, as administrative agent, collateral agent and a letter of credit issuer
- Rate
- SOFR plus 2.35% to 3.35% or an adjusted base rate plus 1.25% to 2.25%, in each c
- Maturity
- April 10, 2029
- Event
- amendment
Exact text from the filing
Among other things, the Credit Agreement Amendment included a reduction of the borrowing base to $1.7 billion from $2.0 billion and maintained elected commitments at $1.3 billion and extends the maturity date of any revolving loans under the Credit Agreement to April 10, 2029 from September 23, 2027.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Crescent Energy Co amended Seventh Amendment to Credit Agreement with Wells Fargo Bank, National Association valued at reduction of the borrowing base to $1.7 billion from $2.0 billion and maintained elected commitments (effective 2024-04-10).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association
- Value
- reduction of the borrowing base to $1.7 billion from $2.0 billion and maintained elected commitments
- Effective
- 2024-04-10
Exact text from the filing
by and among Crescent Finance, certain subsidiaries of Crescent Finance, as guarantors, Wells Fargo Bank, National Association, as administrative agent, collateral agent and a letter of credit issuer, and the other lenders and letter of credit issuers party thereto from time to time.
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