secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2026-03-02T23:59:59+00:00
Accession:  0001628280-26-013234
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crescent Energy announces $400M convertible notes offering to redeem 9.25% senior notes due 2028
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- $400M convertible senior notes due 2031 offered privately; underwriters can purchase up to additional $60M.
- Proceeds plus revolver borrowings will redeem all outstanding 9.250% Senior Notes due 2028, conditional on closing.
- Capped call transactions entered to reduce potential dilution upon conversion of the notes.
- Derivative portfolio notional value of $3.3B as of Jan 31, 2026; hedging positions for crude oil and natural gas disclosed.
- Unaudited pro forma statement of operations for FY 2025 reflects the Vital Energy Merger and Ridgemar Acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000162828026013234/0001628280-26-013234-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000162828026013234/crgy-20260302.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-013234

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer