Crescent Energy Announced That Its Indirect Subsidiary Intends To Offer For Sale In A Private Placement To Eligible Purchasers $250M Aggregate Principal Amount Of 7.375% Senior Notes Due 2033
Portfolio Pulse from Benzinga Newsdesk
Crescent Energy's indirect subsidiary plans to offer $250 million in 7.375% senior notes due 2033 in a private placement to eligible purchasers.
September 04, 2024 | 11:55 am
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Crescent Energy's indirect subsidiary is issuing $250M in senior notes, which could impact the company's financial structure and liquidity.
The issuance of senior notes can affect Crescent Energy's financial structure by increasing debt levels. However, as this is a private placement, the immediate market impact may be limited. The interest rate of 7.375% suggests a relatively high cost of borrowing, which could affect future profitability.
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