secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2024-12-05T23:59:59+00:00
Accession:  0001628280-24-050071
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crescent Energy prices $330.6M equity and $400M notes offerings for Ridgemar acquisition
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- Equity offering upsized to 21.5M shares at $14.00/share; $330.6M net raised; underwriters' option for 3.225M shares exercised in full.
- Notes offering upsized to $400M of 7.625% Senior Notes due 2032; net proceeds ~$392.7M.
- Proceeds from both offerings will fund cash portion of Ridgemar (Eagle Ford) acquisition (expected Q1 2025).
- If Ridgemar acquisition does not close, proceeds will reduce borrowings under revolving credit facility.
- Notes offering closes Dec. 11, 2024; equity offering closed Dec. 5, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000162828024050071/0001628280-24-050071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000162828024050071/crgy-20241203.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-050071

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