secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2024-06-18T23:59:59+00:00
Accession:  0001628280-24-028816
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crescent Energy subsidiary issues $750M of 7.375% senior notes due 2033 for SilverBow acquisition
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- Issued $750M aggregate principal of 7.375% Senior Notes due Jan 15, 2033; net proceeds ~$734.8M after discounts and expenses.
- Proceeds to fund cash portion of SilverBow merger and repay SilverBow debt; pending use, may repay revolver borrowings.
- Special mandatory redemption at 100% if SilverBow merger not completed by May 22, 2025 or merger agreement terminated.
- Ninth Amendment to Credit Agreement permits the notes and excludes proceeds from monthly excess cash prepayment until May 22, 2025.
- Notes are senior unsecured, guaranteed by certain subsidiaries; not guaranteed by Crescent Energy or OpCo.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000162828024028816/0001628280-24-028816-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000162828024028816/crgy-20240613.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-028816

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