---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-021581"
form_type: "8-K"
ticker: "CRGY"
cik: "0001866175"
company_name: "Crescent Energy Co"
filed_at: "2023-02-01T23:59:59+00:00"
generated_at: "2026-06-20T04:11:29.745733+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Crescent Energy issues $400M 9.25% senior notes due 2028

## Summary
- Issued $400 million aggregate principal of 9.250% senior notes due February 15, 2028.
- Notes are guaranteed by existing subsidiaries that guarantee the revolving credit facility; not guaranteed by parent CRGY or OpCo.
- Interest payable semiannually on Feb 15 and Aug 15, commencing August 15, 2023.
- Optional redemption: up to 40% with equity proceeds before Feb 2025 at 109.25%; make-whole before Feb 2025; step-down prices after.
- Upon change of control with ratings decline, holders may require repurchase at 101% of principal plus accrued interest.

## SEC filing metadata
- accession: 0001193125-23-021581
- form_type: 8-K
- ticker: CRGY
- cik: 0001866175
- company_name: Crescent Energy Co
- filed_at: 2023-02-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866175/000119312523021581/0001193125-23-021581-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866175/000119312523021581/d423739d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-021581
- JSON: https://secwatch.observer/filing/0001193125-23-021581.json
- Plain text: https://secwatch.observer/filing/0001193125-23-021581.txt

## Key facts
- Debt Financings
  Crescent Energy Co incurred senior notes of $400.0 million with U.S. Bank Trust Company, National Association at 9.250% per annum maturing February 15, 2028.
  - Instrument: senior notes
  - Principal: $400.0 million
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 9.250% per annum
  - Maturity: February 15, 2028
  - Event: incurrence
  source text: On February 1, 2023, Crescent Energy Finance LLC (the “Issuer”), a Delaware limited liability company and indirect subsidiary of Crescent Energy Company (NYSE: CRGY) (the “Company”), issued $400.0 million aggregate principal amount of its 9.250% senior notes due 2028 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866175/000119312523021581/0001193125-23-021581-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.