05:34 AM EDT, 06/14/2024 (MT Newswires) -- Crescent Energy ( CRGY ) said late Thursday it priced a private placement to eligible purchasers of $750 million of its 7.37% senior notes due 2033 at par value.

Net proceeds will be used to fund the company's pending merger with SilverBow Resources, as well as for debt repayments, the company said.

Closing of the offering is expected to occur on June 14, subject to customary closing conditions.

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