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Crescent Energy amended its credit agreement through Crescent Finance on October 14, 2026, with Wells Fargo as administrative agent. The amendment permits a $2 billion, 364-day unsecured bridge credit facility to partly fund the Devon Eagle Ford assets acquisition. Aggregate elected commitments remain at $2 billion. *
Cenovus Energy agreed to acquire Athabasca Oil Corporation for an implied enterprise value of C$5.7 billion. The deal adds about 45,000 barrels of oil equivalent per day and is expected to close in December 2026, subject to approvals.
Crescent Energy priced an underwritten public offering of 80 million Class A shares at $12.50 each. An affiliate of KKR agreed to buy 40 million shares as part of the deal.