Crescent Energy Co.

Description

Priced a private placement to eligible purchasers of 7.250% senior notes due 2026, which had been increased from the previously announced $150 million. The notes mature on May 1, 2026, pay interest at the rate of 7.250% per year, payable on May 1 and Nov. 1 of each year. The first interest payment on the notes will be made on May 1. The notes were priced at 101% of par, plus accrued and unpaid interest from Nov. 1. Proceeds will be used to repay a portion of the amounts outstanding under its revolving credit facility.

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Estimated Price
$200.0MM
Financing Type
Report Date