Crescent Energy Signs Multiple Note Indentures With U.S. Bank Trust Company
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Crescent Energy has signed two senior unsecured note indentures with U.S. Bank Trust Company, issuing $294.8 million of 7.75% notes due 2029 and $237.2 million of 9.75% notes due 2030. These notes are guaranteed by certain subsidiaries and were issued via exchange offers to enhance financing flexibility. The 2029 notes allow optional redemption in 2025, while the 2030 notes include a make-whole call provision. Each series offers a 101% repurchase right upon specific change-of-control events.
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