EXPAND ENERGY Corp. Enters Material Agreement, Creates Financial Obligation

TL;DR

EXPAND ENERGY Corp. just signed a big deal and took on new debt/obligations. Watch this space.

AI Summary

On September 30, 2025, EXPAND ENERGY Corp. (formerly CHESAPEAKE ENERGY CORP) entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an off-balance sheet arrangement for the registrant. The company is involved in crude petroleum and natural gas extraction.

Why It Matters

This filing signals a significant new financial commitment or arrangement for EXPAND ENERGY Corp., which could impact its future financial health and operational strategy.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet its obligations.

Key Players & Entities

• EXPAND ENERGY Corp. (company) — Registrant
• CHESAPEAKE ENERGY CORP (company) — Former company name
• September 30, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — ge on which registered Common Stock, $0.01 par value per share EXE The Nasdaq
• $3.5 billion — ) with initial aggregate commitments of $3.5 billion and incremental capacity for additional
• $1.0 b — ditional commitments in an amount up to $1.0 billion, subject to the receipt of commit
• $1.0 billion — ate. The Credit Facility provides for a $1.0 billion sublimit of the aggregate commitments t
• $100.0 million — the issuance of letters of credit and a $100.0 million sublimit of the aggregate commitments t

Filing Documents

• tm2527435d1_8k.htm (8-K) — 41KB
• tm2527435d1_ex10-1.htm (EX-10.1) — 802KB
• tm2527435d1_8kimg01.jpg (GRAPHIC) — 5KB
• 0001104659-25-095028.txt ( ) — 1254KB
• exe-20250930.xsd (EX-101.SCH) — 4KB
• exe-20250930_def.xml (EX-101.DEF) — 27KB
• exe-20250930_lab.xml (EX-101.LAB) — 38KB
• exe-20250930_pre.xml (EX-101.PRE) — 25KB
• tm2527435d1_8k_htm.xml (XML) — 7KB

01 Entry into a Material Definitive

Item 1.01 Entry into a Material Definitive Agreement. On September 30, 2025 (the "Effective Date"), Expand Energy Corporation ("Expand" or the "Company") entered into an amended and restated credit agreement (the "Credit Agreement") with the lenders and issuing banks party thereto (the "Lenders"), and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the "Administrative Agent"), providing for an unsecured revolving credit facility (the "Credit Facility") with initial aggregate commitments of $3.5 billion and incremental capacity for additional commitments in an amount up to $1.0 billion, subject to the receipt of commitments thereto and certain customary conditions. The Credit Facility matures five years from the Effective Date. The Credit Facility provides for a $1.0 billion sublimit of the aggregate commitments that are available for the issuance of letters of credit and a $100.0 million sublimit of the aggregate commitments that are available for swingline loans. The Credit Agreement contains restrictive covenants that limit Expand and its subsidiaries' ability to, among other things but subject to exceptions customary to investment-grade, unsecured revolving credit facilities: (i) incur priority indebtedness, (ii) enter into mergers; (iii) make or declare dividends; (iv) incur liens; (v) sell all or substantially all of their assets; and (v) engage in certain transactions with affiliates. The Credit Agreement also contains customary affirmative covenants, including, among other things, as to compliance with laws (including environmental laws and anti-corruption laws), delivery of quarterly and annual financial statements, conduct of business, maintenance of property and maintenance of insurance. The Credit Agreement requires Expand to maintain compliance with a ratio of Expand's total indebtedness to the sum of total indebtedness plus stockholders' equity (the debt to capitalization ratio), not to exceed 65%. Borrowings under the Credit A

03 Creation of a Direct Financial Obligation or an Obligation

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The description of the Credit Agreement set forth in Item 1.01 of this Report is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Document Description 10.1* Amended and Restated Credit Agreement, dated as of September 30, 2025, by and among Expand Energy Corporation, the financial institutions from time to time party thereto as lenders, and JPMorgan Chase Bank, N.A., as the Administrative Agent for the Lenders. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Certain of the schedules and exhibits to the agreement have been omitted pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule or exhibit will be furnished to the U.S. Securities and Exchange Commission upon request. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EXPAND ENERGY CORPORATION By: /s/ BRITTANY RAIFORD Brittany Raiford Vice President, Interim Chief Financial Officer and Treasurer Date: September 30, 2025

View Full Filing

View this 8-K filing on SEC EDGAR