- Crescent Energy ( NYSE: CRGY ) shares fell 8% Wednesday morning after it announced a private placement of $400M of senior notes due 2028 by its indirect subsidiary Crescent Energy Finance.
- The notes will be guaranteed on a senior unsecured basis by all of the issuer's subsidiaries that guarantee its existing notes and the indebtedness under its revolving credit facility.
- Crescent Energy Finance plans to use the net proceeds from the offering to repay a portion of the amounts outstanding under its revolving credit facility.
For further details see:
Crescent Energy dips on $400M senior notes offering