Crescent Energy Announces Pricing of Upsized $600 Million Private Placement of 8.375% Senior Notes Due 2034

This offering was upsized from an initial offering size of $500 million aggregate principal amount. The Issuer intends to use the net proceeds from this offering, together with additional borrowings under the revolving credit facility and cash on hand, if needed, to fund the tender offer to purchase for cash a portion of the Issuer’s outstanding 9.250% Senior Notes due 2028, pursuant to the previously announced tender offer that commenced concurrently with this offering (the “Tender Offer”), and any fees and expenses in connection therewith or with this offering. Any portion of the net proceeds from this offering that is not used to fund the consummation of the Tender Offer will instead be used to repay amounts outstanding under the revolving credit facility or for general corporate purposes. This offering is expected to close on July 8, 2025. Vinson & Elkins also advised the Issuer in connection with the Tender Offer. The Tender Offer will expire on July 22, 2025.

The Vinson & Elkins corporate team was led by partners Jackson O’Maley, Doug McWilliams, and David Wicklund and counsel Alex Lewis, with assistance from senior associate Nate Richards and associates Chase Browndorf, Patience Li, Chris Chiavaroli, and Tate Shaw. Also advising were partner Wendy Salinas and associate Jeff Slusher; counsel Maya Bobbitt; and partners David D’Alessandro and Dario Mendoza and associate Henry Crowell.