Crescent Energy Co (CRGY) Form 8-K — May 22, 2026
Crescent Energy Company (NYSE: CRGY) entered into its Fifteenth Amendment to its existing Credit Agreement on May 18, 2026. The amendment reduces the borrowing base from $3.9 billion to $3.5 billion, reflecting the scheduled April 1, 2026 redetermination. The agreement extends the maturity date for revolving loans from October 22, 2030, to May 19, 2031. It also permits the incurrence of up to $600 million in additional indebtedness through the October 1, 2026, redetermination without triggering an automatic borrowing base reduction.
Key figures
- Borrowing Base New
- 3500000000
- Borrowing Base Previous
- 3900000000
- Permitted Additional Debt Cap
- 600000000
- Aggregate Elected Commitments
- 2000000000
- Aggregate Maximum Credit Amount
- 6000000000
- Amendment Number
- 15
- Prior Maturity Date
- October 22, 2030
- Maturity Date Extension
- May 19, 2031
Price after filing
Close on the filing date to close N calendar days later (from $13.10). Historical, not a forecast.
AI analysis
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