Crescent Energy Finance LLC, a subsidiary of Crescent Energy Company, has commenced a cash tender offer to purchase 7.250% Senior Notes due 2026. The tender offer will expire on March 25, 2024.
Also, Crescent Energy Finance LLC intends to offer for sale in a private placement to eligible purchasers $700 million aggregate principal amount of Senior Notes due 2032. Crescent Energy Finance intends to use net proceeds from the offering, together with additional borrowings under the revolving credit facility, to purchase for cash any and all of the outstanding 7.250% Senior Notes due 2026, pursuant to the tender offer that commenced concurrently with the offering of the Notes, and to the extent any 2026 Notes
remain outstanding after the tender offer, to fund the full redemption of any 2026 Notes not purchased in the tender offer.
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