Crescent Energy Finance’s $200 Million Add-On Senior Notes Offering

Simpson Thacher represented the initial purchasers, led by BofA Securities, on the deal while Vinson & Elkins advised Crescent Energy.

Crescent Energy Finance, a subsidiary of Crescent Energy Company, announced its 144A/Regulation S offering of $200 million aggregate principal amount of additional 7.25% Senior Notes due 2026. The offering was upsized from $150 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 (Picture), Tony Rim and Ryan Poché (Capital Markets); Michael Mann and Scott Grundei (Tax); Genevieve Dorment (Intellectual Property); Alan Fenyes (Executive Compensation and Employee Benefits); Michael Isby (Environmental); and Jennie Getsin (Blue Sky).

The V&E corporate team was led by partners Doug McWilliams and David Stone and senior associate Jackson O’Maley, with assistance from senior associate Alex Lewis and associates Nate Richards and Autumn Simpson. Also advising were partners Wendy Salinas and Jim Meyer and associate Jeff Slusher;  partner Matt Dobbins and associates Austin Pierce and Simon Willis; and partner David Wicklund.
 

Involved fees earner: David Azarkh – Simpson Thacher & Bartlett; Genevieve Dorment – Simpson Thacher & Bartlett; Alan Fenyes – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Scott Grundei – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Michael Mann – Simpson Thacher & Bartlett; Ryan Poché – Simpson Thacher & Bartlett; Tony Rim – Simpson Thacher & Bartlett; Matthew Dobbins – Vinson & Elkins LLP; Alexandra Lewis – Vinson & Elkins LLP; Douglas McWilliams – Vinson & Elkins LLP; James Meyer – Vinson & Elkins LLP; Austin Pierce – Vinson & Elkins LLP; Nathaniel Richards – Vinson & Elkins LLP; Autumn Simpson – Vinson & Elkins LLP; Jeff Slusher – Vinson & Elkins LLP; David Stone – Vinson & Elkins LLP; Wendy Trahan Salinas – Vinson & Elkins LLP; David Wicklund – Vinson & Elkins LLP; Simon Willis – Vinson & Elkins LLP;

Law Firms: Simpson Thacher & Bartlett; Vinson & Elkins LLP;

Clients: BofA Securities India Limited (DSP Merrill Lynch Limited); Crescent Point Energy Corp;

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Author: Youness Semri