secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2026-03-09T23:59:59+00:00
Accession:  0001628280-26-016002
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000162828026016002/0001628280-26-016002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000162828026016002/crgy-20260303.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-016002

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