Crescent Energy amends credit agreement, raises debt incurrence threshold to $1B through Oct 2024

Crescent Energy Co

Eighth Amendment to Credit Agreement increases permitted additional debt threshold from $500M to $1B.
Higher threshold applies from May 24, 2024 until the October 1, 2024 scheduled borrowing base redetermination.
During that period, borrowing base will not be reduced by 0.25x of new debt if aggregate remains under $1B.
Amendment includes standard reaffirmation of representations and confirmation of no event of default.

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