secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001628280-24-013622
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 1.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000162828024013622/0001628280-24-013622-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000162828024013622/crgy-20240326.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-013622

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