05:14 PM EDT, 03/19/2024 (MT Newswires) -- Crescent Energy ( CRGY ) said its indirect subsidiary, Crescent Energy Finance, priced at par a private placement of $700 million of its 7.625% senior notes due 2032.

The subsidiary plans to use the net proceeds and additional borrowings under a revolving credit facility to purchase its 7.25% senior notes due 2026.

To the extent any 2026 notes remain outstanding after the tender offer, the unit plans to use the proceeds to redeem the remaining notes.

The offering will likely close on March 26.