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AI brief of an SEC Form 8-K · Crescent Energy (CRGY)

Crescent Energy amends credit agreement, borrowing base cut to $3.5 billion

Neutral Impact 3 of 5 financing Written later

Crescent Energy's subsidiary signed a fifteenth amendment to its credit agreement with Wells Fargo as administrative agent. The borrowing base falls from $3.9 billion to $3.5 billion, while revolving loan maturity is extended to May 19, 2031 and aggregate elected commitments stay at $2.0 billion.

Key points

  • Borrowing base decreased from $3.9 billion to $3.5 billion, tied to the April 1, 2026 scheduled redetermination
  • Revolving loan maturity extended to May 19, 2031 from October 22, 2030
  • Up to $600.0 million of certain additional debt incurred from May 18, 2026 to the October 1, 2026 redetermination date is excluded from the required 0.25x borrowing base reduction, subject to that threshold
  • Aggregate elected commitments maintained at $2.0 billion

The filing

CompanyCrescent Energy (CRGY)
Form8-K, current report
Filed with the SECMay 22, 2026, 4:15 PM ET
Accession number0001866175-26-000095

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 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 May 22, 2026.

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.