Crescent Energy priced an upsized private placement of USD 600 million of 2.75% convertible senior notes due 2031. The deal was increased from USD 400 million, and the initial purchasers have an option to buy up to an additional USD 90 million of notes. Crescent Energy expects net proceeds of about USD 582 million, or about USD 670 million if the option is fully exercised. The company plans to use about USD 512 million of the proceeds to redeem its outstanding 9.25% senior notes due 2028.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Crescent Energy Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-016002), on March 09, 2026, and is solely responsible for the information contained therein.
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