{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-016002","form_type":"8-K","ticker":"CRGY","cik":"0001866175","company_name":"Crescent Energy Co","filed_at":"2026-03-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.607292+00:00","generated_at":"2026-05-15T18:11:29.595189+00:00","sec_items":["1.01","2.03","3.02","7.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Crescent Energy prices upsized $690M of 2.75% convertible notes due 2031","bullets":["Issued $690M aggregate principal of 2.75% Convertible Senior Notes due 2031, including full exercise of $90M over-allotment.","Initial conversion price ~$14.89/share, a 32.5% premium to March 3 close of $11.24.","Capped call transactions (cost ~$57M) with cap price $22.48/share to offset dilution up to 100% premium.","Net proceeds to redeem all outstanding 9.250% Senior Notes due 2028 ($512M) and for general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-016002","json":"https://secwatch.observer/filing/0001628280-26-016002.json","markdown":"https://secwatch.observer/filing/0001628280-26-016002.md","text":"https://secwatch.observer/filing/0001628280-26-016002.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1866175/000162828026016002/0001628280-26-016002-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1866175/000162828026016002/crgy-20260303.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T18:11:29.595189+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"aec791885e23d32c07fd1c1009c0e5f4ed2821cb","claim":"Crescent Energy Co incurred convertible notes of $690 million aggregate principal amount with U.S. Bank Trust Company, National Association at 2.75% maturing March 15, 2031.","evidence_excerpt":"issued $690 million aggregate principal amount of its 2.75% Convertible Senior Notes due 2031","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1866175/000162828026016002/0001628280-26-016002-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$690 million aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"2.75%"},{"label":"Maturity","value":"March 15, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f54b46e353e352418615bfc802b937c3f20002f4","claim":"Crescent Energy Co issued convertible note to Initial Purchasers for $690 million aggregate principal amount.","evidence_excerpt":"On March 6, 2026, Crescent Energy Company, a Delaware corporation (NYSE: CRGY) (the “Company”), issued $690 million aggregate principal amount of its 2.75% Convertible Senior Notes due 2031 (the “Notes”), which included the exercise in full of the Initial Purchasers’ (as defined below) option to purchase up to an additional $90 million principal amount of Notes.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1866175/000162828026016002/0001628280-26-016002-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"convertible note"},{"label":"Purchaser","value":"Initial Purchasers"},{"label":"Consideration","value":"$690 million aggregate principal amount"}],"fact_type":"equity_issuance"},{"claim_id":"3c938f31fb24d5956eacac61d5b2a3bb3e7d4759","claim":"Crescent Energy Co entered into Indenture with U.S. Bank Trust Company, National Association valued at $690 million aggregate principal amount (effective 2026-03-06).","evidence_excerpt":"On March 6, 2026, Crescent Energy Company, a Delaware corporation (NYSE: CRGY) (the “Company”), issued $690 million aggregate principal amount of its 2.75% Convertible Senior Notes due 2031","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1866175/000162828026016002/0001628280-26-016002-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$690 million aggregate principal amount"},{"label":"Effective","value":"2026-03-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}