Company: EXEEZ
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000895126-25-000098
Chunk: 66

Company: EXPAND ENERGY Corp
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 66
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ANCIAL STATEMENTS - (Continued)(Unaudited)

4.Debt Our long-term debt consisted of the following as of September 30, 2025 and December 31, 2024:September 30, 2025December 31, 2024Carrying AmountFair Value(a)Carrying AmountFair Value(a)2025 Credit Facility$— $— $— $— Prior Credit Facility— — — — 4.95% senior notes due 2025— — 389 389 5.50% senior notes due 2026— — 47 47 5.375% senior notes due 2029638 639 700 684 5.875% senior notes due 2029440 442 500 494 6.75% senior notes due 2029847 856 950 959 5.375% senior notes due 20301,200 1,220 1,200 1,174 4.75% senior notes due 20321,150 1,131 1,150 1,067 5.70% senior notes due 2035750 769 750 734 Premiums (discounts) on senior notes, net(6)— 4 — Debt issuance costs(9)— (10)— Total debt, net$5,010 $5,057 $5,680 $5,548 Less current maturities of long-term debt, net— — (389)(389)Total long-term debt, net$5,010 $5,057 $5,291 $5,159 ____________________________________________(a)The carrying value of borrowings under our 2025 Credit Facility and Prior Credit Facility approximates fair value as the interest rates are based on prevailing market rates; therefore, they are a Level 1 fair value measurement. For all other debt, a market approach, based upon quotes from major financial institutions, which are Level 2 inputs, is used to measure the fair value.Credit Facility. On September 30, 2025, the Company entered into an Amended and Restated Credit Agreement (the “Credit Agreement”) that, as amended, has a maturity date of September 30, 2030 (the “2025 Credit Facility”), with the lenders and issuing banks party thereto from time to time (the “Lenders”),