secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0001866175-24-000057
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000186617524000057/0001866175-24-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000186617524000057/crgy-20240524.htm
  HTML page:      https://secwatch.observer/filing/0001866175-24-000057

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