Crescent Energy plans $300M add-on of 7.625% senior notes due 2032 for Ridgemar acquisition funding

Crescent Energy Co

Offering $300M additional 7.625% Senior Notes due 2032 as a single series with existing $700M notes.
Proceeds to fund cash portion of the Ridgemar (Eagle Ford) acquisition; temporarily reduce revolver borrowings.
As of Nov 30, 2024, $501.3M outstanding on credit facility with $1,477.5M remaining availability.
Notes have substantially identical terms as existing; mature Apr 1, 2032 with semi-annual interest starting Apr 1, 2025.
Offering is private to QIBs and non-U.S. investors via Rule 144A/Reg S; not contingent on Ridgemar closing.

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