Simpson Thacher represented the initial purchasers, led by Wells Fargo Securities, LLC, in connection with the 144A/Regulation S offering of $400 million aggregate principal amount of 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, Richie Ragusa, Maggie Selbe, Ryan Poché, Alexandra Speiss and Jake Massel (Capital Markets); Michael Mann and Scott Grundei (Tax); Jessica Cohen and Mark Natividad (Intellectual Property); Alan Fenyes (Executive Compensation and Employee Benefits); Michael Isby (Environmental); and Jennie Getsin (Blue Sky).