---
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"
generated_at: "2026-05-15T18:11:29.595189+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Crescent Energy prices upsized $690M of 2.75% convertible notes due 2031

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-016002
- JSON: https://secwatch.observer/filing/0001628280-26-016002.json
- Plain text: https://secwatch.observer/filing/0001628280-26-016002.txt

## Key facts
- Debt Financings
  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.
  - Instrument: convertible notes
  - Principal: $690 million aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 2.75%
  - Maturity: March 15, 2031
  - Event: incurrence
  source text: issued $690 million aggregate principal amount of its 2.75% Convertible Senior Notes due 2031
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866175/000162828026016002/0001628280-26-016002-index.htm
- Equity Issuances
  Crescent Energy Co issued convertible note to Initial Purchasers for $690 million aggregate principal amount.
  - Security: convertible note
  - Purchaser: Initial Purchasers
  - Consideration: $690 million aggregate principal amount
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1866175/000162828026016002/0001628280-26-016002-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $690 million aggregate principal amount
  - Effective: 2026-03-06
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1866175/000162828026016002/0001628280-26-016002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.