08:51 AM EDT, 06/23/2025 (MT Newswires) -- Crescent Energy Co. ( CRGY ) said Monday it intends to sell $500 million worth of senior notes due 2034.

The senior notes will be guaranteed on a senior unsecured basis by all of Crescent Energy's ( CRGY ) units that guarantee its existing notes and the outstanding debt under its revolving credit facility, the company said.

Net proceeds from the offering along with additional borrowings under the revolving credit facility and cash on hand will be used to finance a separately announced tender offer for the purchase for cash up to $500 million of Crescent Energy's ( CRGY ) outstanding 9.250% senior notes due 2028, the company said.

The remaining amount will be allocated toward debt repayment and general corporate purposes, it added.