secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2024-12-04T23:59:59+00:00
Accession:  0001628280-24-049855
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000162828024049855/0001628280-24-049855-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000162828024049855/crgy-20241204.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-049855

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