debt
confidence high
sentiment neutral
materiality 0.55
Crescent Energy subsidiary issues $250M additional 7.375% Senior Notes due 2033; proceeds to repay revolver
Crescent Energy Co
- Issued $250M aggregate principal of 7.375% Senior Notes due Jan 15, 2033, priced at 101% of par.
- Proceeds used to repay a portion of outstanding amounts under revolving credit facility.
- Notes issued as additional notes under existing indenture; identical terms to $750M Existing Notes.
- Interest payable semi-annually on Jan 15 and Jul 15, beginning Jan 15, 2025.
- Notes are unregistered, sold in private placement to QIBs and non-U.S. persons under Rule 144A/Reg S.