Crescent Energy Company has announced updates to its reserve-based revolving credit facility following the successful completion of its fall borrowing base redetermination. The borrowing base has increased by 50%, rising from $2.6 billion to $3.9 billion, with the elected commitment amount reaffirmed at $2.0 billion. The maturity of the facility has been extended to five years, resulting in no near-term debt maturities and a weighted average maturity of 6.4 years. Additionally, the pricing grid has been reduced by 25 basis points, now ranging from 175 to 275 basis points. These changes reflect strong support from Crescent's bank syndicate and are expected to deliver meaningful cost-of-capital synergies, including approximately $12 million in early synergy capture primarily from lower interest expenses, unused commitment fees, and reduced administrative costs. The increase in the borrowing base is contingent upon the closing of the Vital Energy transaction.