Crescent Energy prices $600 million private placement of 8.375% senior notes due 2034

June 24, 2025 07:46 AM AEST | By EODHD

Google News:

Crescent Energy prices $600 million private placement of 8.375% senior notes due 2034 — Image source: Kalkine Media

Recent News

Women in Engineering: Honoring Progress, Purpose, and Perseverance

Eaton Transforms Retired Coal-Fired Power Plant Into Critical Grid Rel...

Arizona Sonoran Buys-down 0.64% of the Cactus Project Royalties

A Masterclass in What Not To Do: EHS Lessons From Severance

* Crescent Energy (NYSE:CRGY [https://seekingalpha.com/symbol/CRGY]) announced on Monday that its indirect subsidiary Crescent Energy Finance has priced its previously announced private placement to eligible purchasers of $600 million aggregate principal amount of 8.375% senior notes due 2034. * The size of this offering was increased from the previously announced $500 million to $600 million. * The notes mature on January 15, 2034, and pay interest at the rate of 8.375% 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, 2026. * This offering is expected to close on July 8, 2025.

* The issuer intends to use the net proceeds from this offering, together with additional borrowings under the revolving credit facility and cash on hand, if needed, to fund the tender offer to purchase for cash a portion of the Issuer’s outstanding 9.250% senior notes due 2028, pursuant to the previously announced tender offer that commenced concurrently with this offering, and any fees and expenses in connection therewith or with this offering. * Any portion of the net proceeds from this offering that is not used to fund the consummation of the Tender Offer will instead be used to repay amounts outstanding under the revolving credit facility or for general corporate purposes. * Source: Press Release [https://seekingalpha.com/pr/20144914-crescent-energy-announces-pricing-of-upsized-600-million-private-placement-of-8_375-percent] MORE ON CRESCENT ENERGY COMPANY * Crescent Energy: Impressive Cash Flow Management [https://seekingalpha.com/article/4781976-crescent-energy-stock-q1-impressive-cash-flow-management] * Crescent Energy announces offering of $500 million private placement of senior notes due 2034 [https://seekingalpha.com/news/4460717-crescent-energy-announces-offering-of-500-million-private-placement-of-senior-notes-due-2034] * Crescent Energy initiated at Overweight at Piper Sandler on M&A potential [https://seekingalpha.com/news/4456630-crescent-energy-initiated-at-overweight-at-piper-sandler-on-ma-potential]

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.