Crescent Energy Co (CRGY): debt financing — Crescent Energy issues $150M of 9.250% Senior Notes due 2028, uses proceeds to repay revolver

Crescent Energy Co

$150M aggregate principal added to existing $850M 9.250% Senior Notes due Feb 15, 2028.
Notes priced at 102.125% of par; net proceeds ~$149.6M after discount and expenses.
Proceeds used to repay a portion of outstanding revolving credit facility.
Interest paid semi-annually on Feb 15 and Aug 15, first payment Feb 15, 2024.
New notes treated as a single series and vote together with existing notes under the indenture.

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% per annum maturing February 15, 2028.

Instrument: senior notes
Principal: $150 million aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 9.250% per annum
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

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Source: SEC EDGAR

accession 0001193125-23-291786

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