Financing · Mar 24, 2026

Devon Energy extends credit agreement maturity to March 24, 2031, renews extension rights, removes credit spread adjustment

DVNDevon Energy Corp

Devon Energy Corporation entered into a first amendment to its amended and restated credit agreement on March 24, 2026, extending the maturity date from March 24, 2030, to March 24, 2031. The amendment also renews the company's right to request three one-year maturity extensions and removes a 10 basis point credit spread adjustment to the SOFR-based rates.