Crescent Energy unit enters credit agreement amendment, permits up to $2 billion bridge facility
CRGY•Crescent Energy’s unit entered a credit agreement amendment on October 14 that permits a bridge facility of up to $2 billion and up to $1 billion in additional debt; the company expects $144 million in derivative cash payments for the third quarter.
1. Credit agreement amendment
Crescent Energy Company said its unit entered a sixteenth amendment to its credit agreement on October 14. The amendment permits up to a $2 billion, 364-day unsecured bridge credit facility and up to $1 billion in additional debt from May 18, 2026, to April 1, 2027. The company expects $144 million in cash paid on derivatives for the third quarter and $383 million for the nine months ended September 30, 2026.
