Company: EXEEZ
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000895126-25-000084
Chunk: 65

Company: EXPAND ENERGY Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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,935 and 306,195 RSUs and 120,171 and 146,570 PSUs, respectively.

13

Table of ContentsEXPAND ENERGY CORPORATION AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)(Unaudited)

4.Debt Our long-term debt consisted of the following as of June 30, 2025 and December 31, 2024:June 30, 2025December 31, 2024Carrying AmountFair Value(a)Carrying AmountFair Value(a)Credit Facility$— $— $— $— 4.95% senior notes due 2025— — 389 389 5.50% senior notes due 2026— — 47 47 5.375% senior notes due 2029700 700 700 684 5.875% senior notes due 2029469 471 500 494 6.75% senior notes due 2029866 878 950 959 5.375% senior notes due 20301,200 1,204 1,200 1,174 4.75% senior notes due 20321,150 1,118 1,150 1,067 5.70% senior notes due 2035750 734 750 734 Premiums (discounts) on senior notes, net(4)— 4 — Debt issuance costs(9)— (10)— Total debt, net$5,122 $5,105 $5,680 $5,548 Less current maturities of long-term debt, net— — (389)(389)Total long-term debt, net$5,122 $5,105 $5,291 $5,159 ____________________________________________(a)The carrying value of borrowings under our 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. In December 2022, we entered into a senior secured reserve-based credit agreement, as amended pursuant to the Amendment No. 1 and Borrowing Base Agreement, dated April 29, 2024