secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2023-07-10T23:59:59+00:00
Accession:  0001866175-23-000042
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CRGY closes $600M Western Eagle Ford acquisition; public float rises to 46%
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000186617523000042/0001866175-23-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000186617523000042/crgy-20230703.htm
  HTML page:      https://secwatch.observer/filing/0001866175-23-000042

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