Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with the 144A/Regulation S offering of $250 million aggregate principal amount of additional 7.375% Senior Notes due 2033 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 is a U.S.-based energy company with a portfolio of assets concentrated in Texas and the Rockies.
The Simpson Thacher team includes David Azarkh, Brian Rosenzweig, Richie Ragusa, Ryan Poché, Andrew Scattergood and Adam Danciu (Capital Markets); Michael Mann (Tax); Paige Brinton (Intellectual Property); Pasco Struhs (Executive Compensation and Employee Benefits); Michael Isby and Deepa Sarkar (Environmental); and Jennie Getsin (Blue Sky).