Crescent Energy Company has announced an amendment to its existing credit agreement, significantly enhancing its financial flexibility. The Thirteenth Amendment to the Credit Agreement, entered into by Crescent Energy Finance LLC-a wholly owned subsidiary of Crescent Energy-and a syndicate of lenders led by Wells Fargo Bank, will automatically increase the company's borrowing base from $2.6 billion to $3.9 billion upon the completion of Crescent's proposed business combination with Vital Energy, Inc. The amendment also extends the maturity date for revolving loans to October 22, 2030, reduces the applicable margin on loans to a range of SOFR plus 1.75% to 2.75%, and raises the aggregate maximum credit amount under Crescent's facility from $3.0 billion to $6.0 billion. The aggregate elected commitments remain at $2.0 billion. The amendments are subject to certain conditions related to the closing of the business combination.