News & Achievements

Crescent Energy Announces Pricing of Upsized $600 Million Private Placement of 2.75% Convertible Senior Notes Due 2031

Deals & Cases

March 6, 2026 • 1-minute read

Vinson & Elkins served as issuer’s counsel in connection with the private placement of $690 million aggregate principal amount of 2.75% convertible senior notes due 2031 (the “Notes”) of Crescent Energy Company (the “Company”), which included the exercise in full of the initial purchasers’ option to purchase up to an additional $90,000,000 principal amount of Notes. The size of this offering was upsized from the previously announced $400 million to $600 million. The Company intends to use the net proceeds to fund the cost of entering into the capped call transactions, redeem all of its outstanding 9.250% Senior Notes due 2028; and the remainder of the net proceeds, if any, for general corporate purposes, including the repayment of indebtedness of its subsidiaries. The transaction closed on March 6, 2026.

The Vinson & Elkins corporate team was led by Partners Jackson O’Maley, Doug McWilliams, and David Stone, Counsel Alex Lewis, and Senior Associate Walt Baker, with assistance from Associates Patience Li, Shelby Shearer, Jake Whelen, Scott Callaghan. Also advising were Partners Wendy Salinas and Lina Dimachkieh, Counsel Allyson Seger, Associate Kylan Kinkade; Partners David D’Alessandro and Dario Mendoza, and Associate Henry Crowell.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 14 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

For more information, please speak with our media contacts.

Discover our latest:

Insights

CLE Events

Sixth Annual Navigating the Annual Meeting and Reporting Season

Join leading practitioners and industry voices for a timely discussion of the legal, regulatory, and governance developments shaping the next proxy season.

November 11, 2026

November 11, 2026 • 1-minute read

View Event