debt
confidence high
sentiment positive
materiality 0.70
Crescent Energy subsidiary prices $600M 8.375% notes due 2034; proceeds for tender of 9.250% 2028 notes
Crescent Energy Co
- Crescent Energy Finance LLC priced $600M aggregate principal of 8.375% Senior Notes due 2034, upsized from $500M.
- Net proceeds expected ~$588.1M after discounts and expenses; closing on July 8, 2025.
- Proceeds to fund tender offer for outstanding 9.250% Senior Notes due 2028; remainder for credit facility or general purposes.
- Notes issued via private placement under Rule 144A/Reg S; not registered under Securities Act.
- Tender offer conditioned on completion of notes offering; notes offering not contingent on tender offer.
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