On March 24, 2026, Devon Energy Corporation, a Delaware-based energy company, announced the execution of a First Amendment to its Amended and Restated Credit Agreement. This amendment extends the maturity date of the existing credit facility from March 24, 2030, to March 24, 2031. The amendment also renews the company's right to request three one-year maturity extensions, contingent upon lender agreement, and removes a previously applicable 10 basis point credit spread adjustment to the SOFR-based rates under the Credit Agreement. This strategic move is expected to enhance the company's liquidity position and provide greater financial flexibility in the coming years. The amendment was executed among Devon Energy, its lenders, and Bank of America, N.A., which serves as the administrative agent. The company has indicated that certain lenders and their affiliates have previously provided commercial banking and financial advisory services, suggesting a continued collaborative relationship moving forward. The details of the amendment are documented in the filing, which includes a comprehensive overview of the terms and conditions of the revised credit agreement.

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