09:16 AM EST, 12/04/2024 (MT Newswires) -- Crescent Energy Company ( CRGY ) said Wednesday that its subsidiary, Crescent Energy Finance, plans to offer $300 million of 7.625% Senior Notes due 2032 in a private placement.

The company said the additional notes will be issued as part of an existing indenture and will have substantially identical terms to previously issued notes.

Proceeds from the offering will be used to fund the cash portion of the Ridgemar Acquisition or, if that deal does not close, to reduce outstanding borrowings under the company's revolving credit facility.