Crescent Energy amends credit facility, reduces margins and permits $500M incremental debt

Crescent Energy Co

Applicable margin on SOFR loans reduced to 2.00%-3.00% based on utilization; credit spread adjustment removed.
Borrowing base maintained at $2.6B, elected commitments at $2B.
Up to $500M of additional debt through April 2025 redetermination excluded from 0.25x borrowing base reduction.
Amendment executed by 14 lenders including Wells Fargo, JPMorgan, Bank of America.
Crescent Energy Finance LLC remains borrower; all existing guarantors reaffirmed obligations.

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