secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001193125-23-021581
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000119312523021581/0001193125-23-021581-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000119312523021581/d423739d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-021581

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