Crescent Energy Co (CRGY): debt financing — Crescent Energy issues $150M additional 9.250% senior notes due 2028 for Eagle Ford acquisition

Crescent Energy Co

$150M additional 9.250% senior notes due 2028, upsized from $125M; priced at 101.125% of par.
Net proceeds ~$148M after discounts and expenses.
Proceeds to fund part of August Western Eagle Ford Acquisition (Dimmit & Webb Cos., TX) and repay revolver.
Notes treated as single series with $700M existing notes under same indenture; closed Sept 12, 2023.

item 1.01 item 2.03 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Crescent Energy Co incurred senior notes of $150 million aggregate principal amount with U.S. Bank Trust Company, National Association at 9.250% maturing February 15, 2028.

Instrument: senior notes
Principal: $150 million aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 9.250%
Maturity: February 15, 2028
Event: incurrence

Exact text from the filing

issued $150 million aggregate principal amount of its 9.250% senior notes due 2028 (the “New Notes”).

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Crescent Energy Co filing history →

Source: SEC EDGAR

accession 0001193125-23-233556

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