Crescent Energy amends credit facility: borrowing base cut to $3.5B, maturity extended to 2031

Crescent Energy Co

Borrowing base reduced to $3.5B from $3.9B as April 2026 scheduled redetermination.
Revolving loan maturity extended to May 19, 2031 from Oct 22, 2030.
Up to $600M of new debt exempt from borrowing base reduction (0.25x) until Oct 2026 redetermination.
Aggregate elected commitments unchanged at $2.0B; maximum credit amount remains $6.0B.
Leverage covenant tightened to 3.00x from 2.75x (section 10.5(i)) and 3.00x from 2.50x (section 10.6(i)).

item 1.01 item 2.03 item 9.01

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