Crescent Energy Enters Material Definitive Agreement

TL;DR

CRGY just signed a big deal, likely a new loan or debt. Watch their financials.

AI Summary

On October 22, 2025, Crescent Energy Company entered into a material definitive agreement related to a financial obligation. The company, formerly known as IE PubCo Inc., is incorporated in Delaware and headquartered in Houston, Texas.

Why It Matters

This filing indicates a significant financial commitment or obligation for Crescent Energy, which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements, especially those involving financial obligations, can introduce financial risks and impact the company's leverage.

Key Numbers

• 001-41132 — SEC File Number (Identifies the company's filing history with the SEC.)
• 87-1133610 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• Crescent Energy Company (company) — Registrant
• IE PubCo Inc. (company) — Former company name
• October 22, 2025 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• Houston, Texas (location) — Address of principal executive offices

FAQ

Key Financial Figures

• $0.0001 — stered Class A Common Stock, par value $0.0001 per share CRGY The New York Stock Excha
• $1.3 billion — Amendment provides for (i) an automatic $1.3 billion increase in the borrowing base from $2.
• $2.6 billion — ion increase in the borrowing base from $2.6 billion to $3.9 billion, effective upon the con
• $3.9 b — the borrowing base from $2.6 billion to $3.9 billion, effective upon the consummation
• $3.0 billion — t under Crescent's credit facility from $3.0 billion to $6.0 billion. The Credit Agreement A
• $6.0 billion — 's credit facility from $3.0 billion to $6.0 billion. The Credit Agreement Amendment maintai
• $2.0 billion — ns the aggregate elected commitments at $2.0 billion. The foregoing description of the Cred

Filing Documents

• crgy-20251022.htm (8-K) — 44KB
• exhibit-1018xk.htm (EX-10.1) — 2109KB
• 0001628280-25-046274.txt ( ) — 2609KB
• crgy-20251022.xsd (EX-101.SCH) — 2KB
• crgy-20251022_lab.xml (EX-101.LAB) — 22KB
• crgy-20251022_pre.xml (EX-101.PRE) — 13KB
• crgy-20251022_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On October 22, 2025, Crescent Energy Finance LLC, a Delaware limited liability company ("Crescent Finance") and a wholly owned subsidiary of Crescent Energy Company (NYSE: CRGY) ("Crescent"), entered into that certain Thirteenth Amendment to Credit Agreement (the "Credit Agreement Amendment"), which amended Crescent's existing Credit Agreement, dated as of May 6, 2021 (as amended by the First Amendment to Credit Agreement, dated as of September 24, 2021, the Second Amendment to Credit Agreement, dated as of March 30, 2022, the Third Amendment to Credit Agreement, dated as of March 30, 2022, the Fourth Amendment to Credit Agreement, dated as of September 23, 2022, the Fifth Amendment to Credit Agreement, dated as of July 3, 2023, the Sixth Amendment to Credit Agreement, dated as of December 13, 2023, the Seventh Amendment to Credit Agreement, dated as of April 10, 2024, the Eighth Amendment to Credit Agreement, dated as of May 24, 2024, the Ninth Amendment to Credit Agreement, dated as of June 14, 2024, the Tenth Amendment to Credit Agreement, dated as of July 30, 2024, the Eleventh Amendment to Credit Agreement, dated as of December 17, 2024, and the Twelfth Amendment to Credit Agreement, dated as of May 2, 2025, and as further amended, modified, supplemented or restated from time to time, the "Credit Agreement"), by and among Crescent Finance, certain subsidiaries of Crescent Finance, as guarantors, Wells Fargo Bank, National Association, as administrative agent, collateral agent and a letter of credit issuer, and the other lenders and letter of credit issuers party thereto from time to time. Among other things, the Credit Agreement Amendment provides for (i) an automatic $1.3 billion increase in the borrowing base from $2.6 billion to $3.9 billion, effective upon the consummation of the proposed business combination (the "Transaction") between Crescent and Vital Energy, Inc. ("Vital"), subject to the satisfac

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1* Thirteenth Amendment to Credit Agreement, dated October 22, 2025, by and among Crescent Energy Finance LLC, certain subsidiaries of Crescent Energy Finance LLC, as guarantors, Wells Fargo Bank, National Association, as administrative agent, collateral agent and a letter of credit issuer, and the other lenders and letter of credit issuers party thereto. 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 SEC upon request. No Offer or Solicitation This communication relates to the Transaction between Crescent and Vital. This communication is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, in any jurisdiction, pursuant to the Transaction or otherwise, nor shall there be any sale, issuance, exchange or transfer of the securities referred to in this document in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the "Securities Act"). Important Additional Information About the Transaction In connection with the Transaction, Crescent filed a registration statement on Form S-4 with the U.S. Securities and Exchange Commission (the "SEC") (File No. 333-290422) that includes a preliminary joint proxy statement of Crescent and Vital and a prospectus of Crescent. The registration statement has not been declared effective by the SEC nor has it become effective pursuant to the Securities Act, and the information contained in the preliminary joint proxy statement/prospectus is not complete and ma

Forward-Looking Statements and Cautionary Statements

Forward-Looking Statements and Cautionary Statements The foregoing contains "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this communication that address activities, events or developments that Crescent or Vital expects, believes or anticipates will or may occur in the future are forward-looking statements. Words such as "estimate," "project," "predict," "believe," "expect," "anticipate," "potential," "create," "intend," "could," "may," "foresee," "plan," "will," "guidance," "look," "outlook," "goal," "future," "assume," "forecast," "build," "focus," "work," "continue" or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements include, but are not limited to, statements regarding the Transaction, the expected timing of completion of the Transaction, pro forma descriptions of the combined company and its operations, integration and transition plans, synergies, opportunities and anticipated future performance. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. These include the expected timing and likelihood of completion of the Transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the Transaction that could reduce anticipated benefits or cause the parties to abandon the Transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstances that could give rise to the termination o

SIGNATURES

SIGNATURES 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. CRESCENT ENERGY COMPANY Date: October 24, 2025 By: /s/ Bo Shi Name: Bo Shi Title: General Counsel and Corporate Secretary