secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2023-07-17T23:59:59+00:00
Accession:  0001193125-23-187687
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crescent Energy subsidiary to issue $250M additional 9.25% senior notes due 2028
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- Crescent Energy Finance LLC plans $250M private placement of 9.25% senior notes due 2028, additional to $400M issued Feb 2023.
- Net proceeds to repay revolver; pro forma outstanding borrowings $790M as of June 30, 2023 after Western Eagle Ford funding.
- Preliminary Q2 2023 production 139-144 MBoe/d vs 137 MBoe/d in Q1 2023.
- As of Dec 31, 2022, total proved reserves 572,793 MBoe (SEC pricing) with PV-10 of $9.6B; Western Eagle Ford adds 98,249 MBoe.
- Derivatives portfolio notional value $1.4B as of June 30, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000119312523187687/0001193125-23-187687-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000119312523187687/d489200d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-187687

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