{"schema_version":"secwatch.filing_event.v1","accession":"0001866175-23-000042","form_type":"8-K","ticker":"CRGY","cik":"0001866175","company_name":"Crescent Energy Co","filed_at":"2023-07-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.910295+00:00","generated_at":"2026-06-13T10:42:40.876851+00:00","sec_items":["1.01","2.01","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"CRGY closes $600M Western Eagle Ford acquisition; public float rises to 46%","bullets":["Closed $600M cash acquisition of operatorship and working interest in Western Eagle Ford assets.","Acquisition expected to add 19-21 MBoe/d net production and $45-55M capex in H2 2023.","Revolving credit facility borrowing base reaffirmed at $2.0B; elected commitments $1.3B.","Pro forma outstanding debt ~$790M; liquidity over $500M.","Converted ~28M private shares to Class A public shares; public float increased to 46%."],"urls":{"canonical":"https://secwatch.observer/filing/0001866175-23-000042","json":"https://secwatch.observer/filing/0001866175-23-000042.json","markdown":"https://secwatch.observer/filing/0001866175-23-000042.md","text":"https://secwatch.observer/filing/0001866175-23-000042.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1866175/000186617523000042/0001866175-23-000042-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1866175/000186617523000042/crgy-20230703.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T10:42:40.876851+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":"4918f842fa7ec1c351ff07a8eb5ca9b8be90d2b1","claim":"Crescent Energy Co amended credit facility of borrowing base at $2.0 billion and maintained the elected commitments at $1.3 billion with Wells Fargo Bank, National Association at SOFR plus 2.35% to 3.35% or an adjusted base rate plus 1.25% to 2.25%.","evidence_excerpt":"other lenders and letter of credit issuers party thereto from time to time. Among other things, the Credit Agreement Amendment included a reaffirmation of the borrowing base at $2.0 billion and maintained the elected commitments at $1.3 billion. The Credit Agreement Amendment also maintains the applicable margin, so that loans under the Credit Agreement will","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1866175/000186617523000042/0001866175-23-000042-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"borrowing base at $2.0 billion and maintained the elected commitments at $1.3 billion"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"SOFR plus 2.35% to 3.35% or an adjusted base rate plus 1.25% to 2.25%"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"d2225dda5fa3208d98ef34da6c18b9f7be7760a0","claim":"Crescent Energy Co completed an acquisition involving Javelin EF L.P. for approximately $600 million in cash (closed 2023-07-03).","evidence_excerpt":"the Seller received aggregate consideration of approximately $600 million in cash, subject to certain customary purchase price adjustments set forth in the Purchase Agreement.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1866175/000186617523000042/0001866175-23-000042-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Javelin EF L.P."},{"label":"Consideration","value":"approximately $600 million in cash"},{"label":"Closing","value":"2023-07-03"}],"fact_type":"ma_transaction"},{"claim_id":"a36da561203809f3ffe61e9bcac0071b9978d7d9","claim":"Crescent Energy Co amended Fifth Amendment to Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, collateral agent and a letter of credit issuer, and the other lenders and letter of credit issuers party thereto.","evidence_excerpt":"On the Closing Date, in connection with the Transaction, Crescent Energy Finance LLC (“Crescent Finance”), a subsidiary of the Company, entered into that certain Fifth Amendment to Credit Agreement (the “Credit Agreement Amendment”), which amended the Company’s existing Credit Agreement, dated as of May 6, 2021","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1866175/000186617523000042/0001866175-23-000042-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association, as administrative agent, collateral agent and a letter of credit issuer, and the other lenders and letter of credit issuers party thereto"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}