---
schema_version: "secwatch.filing_event.v1"
accession: "0001866175-24-000111"
form_type: "8-K"
ticker: "CRGY"
cik: "0001866175"
company_name: "Crescent Energy Co"
filed_at: "2024-12-20T23:59:59+00:00"
generated_at: "2026-05-29T00:31:44.265764+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001866175-24-000111
- form_type: 8-K
- ticker: CRGY
- cik: 0001866175
- company_name: Crescent Energy Co
- filed_at: 2024-12-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866175/000186617524000111/0001866175-24-000111-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866175/000186617524000111/crgy-20241217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001866175-24-000111
- JSON: https://secwatch.observer/filing/0001866175-24-000111.json
- Plain text: https://secwatch.observer/filing/0001866175-24-000111.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.