secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2024-06-13T23:59:59+00:00
Accession:  0001628280-24-027970
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 offers $750M senior notes due 2033 to fund SilverBow merger
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- Crescent Energy Finance LLC offers $750M in Senior Notes due 2033 in a private placement.
- Net proceeds to fund cash consideration for SilverBow merger and repay SilverBow's existing debt.
- Notes subject to mandatory redemption if merger not closed by May 22, 2025 or terminated earlier.
- Updated hedge portfolio: CRGY $1.5B notional, SilverBow $1.4B notional as of May 31, 2024.
- Combined proved reserves of 1,028 MMBoe with PV-10 of $7.8B based on NYMEX forward prices.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000162828024027970/0001628280-24-027970-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000162828024027970/crgy-20240613.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-027970

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