---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-013622"
form_type: "8-K"
ticker: "CRGY"
cik: "0001866175"
company_name: "Crescent Energy Co"
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:35:22.205249+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Crescent Energy issues $700M 7.625% senior notes due 2032, tenders 63% of existing 7.25% notes due 2026

## Summary
- Issued $700M aggregate principal of 7.625% senior notes due April 1, 2032; interest payable April 1 and October 1 starting Oct 2024.
- Tender offer expired March 25, 2024: $442.3M (63.18%) of outstanding 7.25% senior notes due 2026 validly tendered.
- Remaining $253M of 2026 notes to be redeemed on May 1, 2024 using net proceeds from new notes and credit facility.
- New notes are senior unsecured, guaranteed by existing subsidiary guarantors; not guaranteed by parent Crescent Energy or OpCo.
- Net proceeds used to fund tender offer and redemption; initial partial redemption price for new notes is 107.625%.

## SEC filing metadata
- accession: 0001628280-24-013622
- form_type: 8-K
- ticker: CRGY
- cik: 0001866175
- company_name: Crescent Energy Co
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 1.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866175/000162828024013622/0001628280-24-013622-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866175/000162828024013622/crgy-20240326.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-013622
- JSON: https://secwatch.observer/filing/0001628280-24-013622.json
- Plain text: https://secwatch.observer/filing/0001628280-24-013622.txt

## Key facts
- Debt Financings
  Crescent Energy Co incurred senior notes of $700.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 7.625% per annum maturing April 1, 2032.
  - Instrument: senior notes
  - Principal: $700.0 million aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 7.625% per annum
  - Maturity: April 1, 2032
  - Event: incurrence
  source text: On March 26, 2024, the Issuer issued $700.0 million aggregate principal amount of its 7.625% senior notes due 2032 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866175/000162828024013622/0001628280-24-013622-index.htm

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