Simpson Thacher represented the underwriters, led by Wells Fargo Securities, LLC, KKR Capital Markets LLC and Evercore Group L.L.C., in connection with the offering by Crescent Energy Company (“Crescent”) of 12,650,000 shares of its Class A common stock, which includes the full exercise of the underwriters’ option to purchase additional shares. Crescent intends to use the net proceeds from the offering to fund a portion of the purchase price for the previously announced acquisition of certain interests in oil and gas properties, rights and related assets located primarily in Dimmit and Webb Counties, Texas.
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 includes David Azarkh, Brian Rosenzweig, Richie Ragusa, Maggie Selbe and Luke Riel (Capital Markets); Michael Mann and Scott Grundei (Tax); Mark Natividad (Intellectual Property); Pasco Struhs (Executive Compensation and Employee Benefits); Michael Isby and Deepa Sarkar (Environmental); and Jennie Getsin (Blue Sky).