Crescent Energy Company Class A (CRGY) has shared an update.
Crescent Energy Finance LLC, an indirect subsidiary of Crescent Energy Company, recently issued $700 million in 7.625% senior notes due 2032, which are unconditionally guaranteed by certain subsidiaries, but not by Crescent Energy Company itself. The notes will mature in 2032 with interest payments starting in October 2024. The issuer also successfully completed a tender offer for their 2026 notes, with a substantial portion tendered, which will lead to redemption of the remaining notes. The new issuance and the tender offer are part of the company’s strategic financial management, offering investors a fresh opportunity to engage with Crescent’s robust financial instruments.
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