Simpson Thacher represented the initial purchasers, led by RBC Capital Markets, LLC, in connection with the 144A/Regulation S offering of $150 million aggregate principal amount of additional 9.25% Senior Notes due 2028 by Crescent Energy Finance LLC, a subsidiary of Crescent Energy Company. 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, Brian Rosenzweig, Maggie Selbe, Terrance Brown, Jr. and Adam Danciu (Capital Markets); Michael Mann (Tax); Mark Natividad (Intellectual Property); Pasco Struhs (Executive Compensation and Employee Benefits); Michael Isby and Deepa Sarkar (Environmental); and Jennie Getsin (Blue Sky).