Crescent Energy Company announced amendments to its revolving credit facility, effective September 23, 2022. The amendments were recently approved by the 11 member banks supporting the facility and reflect the strength of the business, an outlook for substantial cash flow, growing proved reserves and a strong balance sheet. Amendment Highlights: An 11% increase in the Company's borrowing base to $2.0 billion from $1.8 billion.

A flat elected commitment amount of $1.3 billion. A term extension for the Credit Facility of 28 months, or through September 2027; Crescent has no near-term maturities. A decrease in the interest rate margin for amounts outstanding on the Credit Facility by 50 bps.