Crescent Energy issues $600M 8.375% notes due 2034, tenders $306M of 9.25% notes

Crescent Energy Co

Issued $600M 8.375% Senior Notes due 2034; interest payable Jan 15 and Jul 15 starting Jan 2026.
Tender offer accepted $306.125M of 9.250% Senior Notes due 2028 at $1,043.75 per $1,000, paid July 9, 2025.
Refinancing reduces coupon from 9.25% to 8.375%; Notes are senior unsecured, not guaranteed by parent CRGY or OpCo.
Issuer may redeem up to 40% of notes with equity proceeds before Jul 2028 at 108.375% of principal.

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