Simpson Thacher Represents Initial Purchasers in Add-On Senior Notes Offering by Crescent Energy Finance
07.21.23
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Simpson Thacher represented the initial purchasers in connection with the 144A/Regulation S offering of $300 million aggregate principal amount of additional 9.25% Senior Notes due 2028 by Crescent Energy Finance LLC, a subsidiary of Crescent Energy Company. The offering was upsized from $250 million. Crescent Energy intends to use the net proceeds from the offering to repay a portion of the amounts outstanding under its revolving credit facility.
Crescent Energy Company (NYSE: CRGY) is a U.S. independent energy company with a portfolio of assets in basins across the lower 48 states.
The Simpson Thacher team included David Azarkh, Brian Rosenzweig, Richie Ragusa, Maggie Selbe, Ryan Poché and Alexandra Speiss (Capital Markets); Michael Mann and Scott Grundei (Tax); Jessica Cohen and Mark Natividad (Intellectual Property); Pasco Struhs (Executive Compensation and Employee Benefits); Michael Isby and Deepa Sarkar (Environmental); and Jennie Getsin (Blue Sky).