CrownRock LP
Description
Pricing a private offering of $185 million aggregate principal amount of 5.625% senior notes due 2025 at an issue price of 98.26% of par. The new notes are being offered as additional notes to the existing $1 billion aggregate principal amount of 5.625% senior notes due 2025 that were issued in October 2017, all of which remain outstanding. The new notes will have identical terms, other than the issue date and issue price, and will constitute part of the same class as the existing notes. CrownRock intends to use the proceeds from the offering for general partnership purposes, including the funding of a portion of its capital development plan.