10:33 AM EDT, 09/04/2024 (MT Newswires) -- Crescent Energy ( CRGY ) said Wednesday that its indirect subsidiary Crescent Energy Finance plans to offer $250 million aggregate principal amount of 7.375% senior notes due 2033 for sale to eligible purchasers through a private placement.

The notes will be offered as additional notes to the $750 million aggregate principal amount of 7.375% senior notes due 2033 that the unit issued in June, the company said. Proceeds from the offering will be used to repay a portion of outstanding amounts under the issuer's revolving credit facility, Crescent Energy ( CRGY ) added.

The company said all the new and existing notes under the same series will have "substantially identical terms" apart from the issue date and price. The 7.375% senior notes due 2033 are set to mature on Jan. 15, 2033.

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