Crescent Energy Company and SilverBow Resources, Inc. today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 , in connection with Crescent's pending acquisition of SilverBow. The expiration of the waiting period under the HSR Act satisfies an important condition necessary for the completion of the transaction. Meetings of the stockholders of each of Crescent and [...]
Crescent Energy Company announced today that its indirect subsidiary Crescent Energy Finance LLC has priced its previously announced offer pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended , to eligible purchasers of $750 million aggregate principal amount of 7.375% Senior Notes due 2033 . The Notes mature on January 15, 2033 and pay interest at the rate of 7.375% per year, payable on [...]
Crescent Energy Company announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC intends to offer for sale pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended , to eligible purchasers, $750 million aggregate principal amount of Senior Notes due 2033 . The Notes will be guaranteed on a senior unsecured basis by all of the Issuer's subsidiaries [...]
Crescent Energy Company today announced that S&P Global Ratings and Fitch Ratings, Inc. have taken positive ratings actions on Crescent, pending the closing of the previously announced acquisition of SilverBow Resources, Inc. on May 16, 2024. In addition, Moody's Ratings reaffirmed its stable outlook. In their releases, the agencies recognized the transaction's compelling strategic and financial rationale, citing [...]
Crescent Energy Company and SilverBow Resources, Inc. , today announced that they have entered into a definitive agreement pursuant to which Crescent will acquire SilverBow in a transaction valued at $2.1 billion. The transaction will create a scaled company with a balanced portfolio of high-quality and long-life assets, an attractive, returns-driven financial framework and strong balance sheet, led by a management team [...]
Crescent Energy Company today announced financial and operating results for the first quarter of 2024. Crescent's earnings release and supplemental earnings presentation can be accessed via the Investor Relations section of Crescent's website at https://ir.crescentenergyco.com. The Company's first quarter 2024 conference call is planned for 10 a.m. CT on Tuesday, May 7, 2024. About Crescent Energy Company Crescent is a [...]
Crescent Energy Company today announced plans to host a conference call and webcast at 10 a.m. CT, on Tuesday, May 7, 2024 to discuss its first quarter 2024 financial and operating results. The Company plans to release results after market close on Monday, May 6, 2024. The release and supplemental slides will be available on the company's website at https://ir.crescentenergyco.com. Conference Call Information Time: 10 [...]
Crescent Energy Finance LLC , a wholly owned subsidiary of Crescent Energy Company , announced today that the tender offer commenced on March 19, 2024 to purchase any and all of the outstanding 7.250% Senior Notes due 2026 expired at 5:00 p.m. New York City time on March 25, 2024 . According to Global Bondholder Services Corporation, the tender agent for the offer, valid tenders had been received at the expiration of the [...]
Crescent Energy Company announced today that its indirect subsidiary Crescent Energy Finance LLC has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended , to eligible purchasers of $700 million aggregate principal amount of 7.625% Senior Notes due 2032 . The Notes mature on April 1, 2032 and pay interest at the rate of 7.625% per year [...]
Crescent Energy Finance LLC , a wholly owned subsidiary of Crescent Energy Company announced today that it has commenced a cash tender offer to purchase any and all of the outstanding senior notes listed in the following table upon the terms and conditions described in CE Finance's Offer to Purchase, dated March 19, 2024 . Issuer Title of Security CUSIP Number Principal Amount Outstanding Purchase Price per $1,000 of [...]
Crescent Energy Company announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC intends to offer for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended , to eligible purchasers $700 million aggregate principal amount of Senior Notes due 2032 . The Notes will be guaranteed on a senior unsecured basis by all of the [...]
Crescent Energy Company today announced the pricing of an underwritten public offering of 12,000,000 shares of its Class A common stock, par value $0.0001 per share , at a price to the public of $10.50 per share, pursuant to a registration statement on Form S-3 filed on March 6, 2024 with the U.S. Securities and Exchange Commission . The common stock is being offered by Independence Energy Aggregator L.P. , the direct [...]
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