Crescent Energy amends credit agreement, maintains $1.3 billion commitments

By Wendy Van Sickle

Columbus, Ohio, Dec. 15 – Crescent Energy Co. subsidiary Crescent Energy Finance LLC amended its revolving credit agreement dated as of May 6, 2021 with Wells Fargo Bank, NA as administrative agent on Dec. 13 to reaffirm the borrowing based at $2 billion and maintain the $1.3 billion of elected commitments, according to an 8-K filing with the Securities and Exchange Commission.

The applicable margin above SOFR was also maintained at 235 basis points to 335 bps, based on utilization.

The oil and gas exploration and production company is based in Houston.

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