NYSE:CRGYOil and Gas
Crescent Energy Upsizes Convertible Notes To Reshape Debt And Growth Path
Crescent Energy (NYSE:CRGY) completed a $600 million convertible senior notes offering, upsized from an initially announced $400 million.
The company plans to use the proceeds to redeem outstanding debt and support its balance sheet.
The transaction follows recent profitability, Q4 outperformance, and cost synergies from acquired assets.
Crescent Energy, an upstream oil and gas company, is coming off a period of operational execution marked by profitability and effective integration of...