Crescent Energy Co

NYSE:CRGYUnited States

Jun 13, 2024

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• Crescent Energy Announces Pricing of $750 Million Private Placement of 7.375% Senior Notes Due 2033, from 6:15PM ET on Thursday Jun 13, 2024 by Business Wire

  6:15PM ET on Thursday Jun 13, 2024 by Business Wire
  Companies Mentioned: CRGY

  Crescent Energy Company (NYSE: CRGY) ("we" or "our") announced today that its indirect subsidiary Crescent Energy Finance LLC (the "Issuer") has priced its previously announced offer pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"), to eligible purchasers of $750 million aggregate principal amount of 7.375% Senior Notes due 2033 (the "Notes"). The Notes mature on January 15, 2033 and pay interest at the rate of 7.375% per year, payable on January 15 and July 15 of each year. The first interest payment on the Notes will be made on January 15, 2025. The Notes were priced at par. The Notes will be guaranteed on a senior unsecured basis by all of the Issuer's subsidiaries that guarantee its existing notes and the indebtedness under its revolving credit facility (the "revolving credit facility"). This offering is expected to close on June 14, 2024, subject to customary closing conditions.

• Crescent Energy Announces Pricing of $750 Million Private Placement of 7.375% Senior Notes Due 2033, from 6:15PM ET on Thursday Jun 13, 2024 by Dow Jones

  6:15PM ET on Thursday Jun 13, 2024 by Dow Jones
  Companies Mentioned: CRGY
  
  In connection with the Transaction, on June 13, 2024, Crescent filed with the SEC a registration statement on Form S-4 (the "Registration Statement") to register the shares of Crescent Class A common stock to be issued in connection with the Transaction. The Registration Statement includes a joint proxy statement of Crescent and SilverBow and a prospectus of Crescent. The information in the Registration Statement is not complete and may not be changed. Crescent and SilverBow may also file other documents with the SEC regarding the Transaction. After the Registration Statement is declared effective, a definitive joint proxy statement/prospectus will be mailed to the stockholders of Crescent and SilverBow. This document is not a substitute for the Registration Statement that has been and the joint proxy statement/prospectus that will be filed with the SEC or any other documents that Crescent or SilverBow may file with the SEC or mail to stockholders of Crescent or SilverBow in connection with the Transaction.