secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2026-10-15T20:30:58+00:00
Accession:  0001866175-26-000138
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Crescent Energy amends credit facility for Devon Eagle Ford deal; permits $2B bridge loan
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- Sixteenth Amendment to the May 6, 2021 Credit Agreement signed October 14, 2026; aggregate elected commitments held at $2.0B.
- Amendment permits consummation of the previously announced Devon EF Assets Acquisition from Devon Energy Production Company, L.P. (NYSE: DVN).
- It allows an up to $2.0B 364-day unsecured bridge credit facility to fund part of the Devon EF cash consideration.
- Also permits pari passu secured term loans capped at the lesser of borrowing base minus commitments or 50% of commitments plus pari passu debt.
- Q3 2026 total cash paid on commodity derivatives was ~$144M ($383M for nine months); net derivative settlements paid $160M in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000186617526000138/0001866175-26-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000186617526000138/crgy-20261014.htm
  HTML page:      https://secwatch.observer/filing/0001866175-26-000138

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