Crescent Energy amends credit facility, raising borrowing base to $3.9 billion
Crescent Energy Finance LLC, a wholly owned subsidiary of Crescent Energy Company, signed a Thirteenth Amendment to its Credit Agreement on October 22, 2025. The amendment raises the borrowing base by $1.3 billion, from $2.6 billion to $3.9 billion, but only once the proposed business combination with Vital Energy, Inc. is completed and certain conditions are met. The filing says the amendment also extends the revolving loan maturity and lowers loan pricing, which affects the company's borrowing terms for shareholders.
Key points
- Borrowing base rises $1.3 billion, from $2.6 billion to $3.9 billion, effective upon completion of the Vital Energy transaction, subject to conditions
- Revolving loan maturity extended to October 22, 2030, from April 10, 2029
- Loans priced at SOFR plus 1.75% to 2.75%, with a reduced applicable margin
- Aggregate maximum credit amount increases from $3.0 billion to $6.0 billion; elected commitments remain at $2.0 billion
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 24, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.