KKR Group Files SC 13D/A for Crescent Energy Co.
Ticker: CRGY · Form: SC 13D/A · Filed: 2024-05-17T00:00:00.000Z
Sentiment: neutral
Topics: ownership-change, sec-filing, investment-firm
TL;DR
KKR group updated their stake in Crescent Energy Co. on 5/17/24.
AI Summary
On May 17, 2024, Independence Energy Aggregator L.P. and other KKR-affiliated entities filed an SC 13D/A amendment regarding their holdings in Crescent Energy Co. The filing indicates a change in beneficial ownership, with the group now holding a significant stake in the company. Specific details on the exact number of shares or dollar amounts are not immediately available in this header information.
Why It Matters
This filing signals a potential shift in control or influence over Crescent Energy Co. by a major investment firm, which could impact the company's strategic direction and shareholder value.
Risk Assessment
Risk Level: medium — Filings like this can indicate strategic moves by large investors, potentially leading to volatility or significant changes for the company.
Key Players & Entities
- Independence Energy Aggregator L.P. (company) — Filer of the SC 13D/A
- Crescent Energy Co (company) — Subject company of the filing
- KKR & CO. INC. (company) — Group member affiliated with the filer
- GEORGE R. ROBERTS (person) — Group member
- HENRY R. KRAVIS (person) — Group member
FAQ
What is the primary purpose of this SC 13D/A filing?
This SC 13D/A filing is an amendment to a previous filing, indicating a change in beneficial ownership of Crescent Energy Co. by Independence Energy Aggregator L.P. and its affiliates.
Who are the main entities involved in this filing?
The main entities are Independence Energy Aggregator L.P. (the filer) and Crescent Energy Co. (the subject company), with KKR & CO. INC. and individuals like George R. Roberts and Henry R. Kravis listed as group members.
When was this filing made?
This filing was made on May 17, 2024.
What was Crescent Energy Co.'s former name?
Crescent Energy Co.'s former name was IE PubCo Inc., with a date of name change on June 7, 2021.
Where is Crescent Energy Co. headquartered?
Crescent Energy Co. is headquartered in Houston, Texas, at 600 Travis Street, Suite 7200, ZIP code 77002.
Filing Stats: 4,975 words · 20 min read · ~17 pages · Grade level 15.1 · Accepted 2024-05-17 17:17:12
Key Financial Figures
- $0.0001 — er) Class A Common Stock, Par Value of $0.0001 Per Share (Title of Class of Securitie
Filing Documents
- ef20029384_sc13da.htm (SC 13D/A) — 444KB
- ef20029384_ex99r.htm (EX-99.R) — 80KB
- ef20029384_ex99s.htm (EX-99.S) — 80KB
- ef20029384_ex99t.htm (EX-99.T) — 12KB
- 0001140361-24-026737.txt ( ) — 618KB
of the Schedule 13D is hereby amended and supplemented to include the following
Item 2 of the Schedule 13D is hereby amended and supplemented to include the following: Mr. Dane Holmes currently serves as an executive officer of KKR Group Co. Inc. Item 4. Purpose of Transaction
of the Schedule 13D is amended and supplemented as follows
Item 4 of the Schedule 13D is amended and supplemented as follows: Support Agreements On May 15, 2024, the Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement") with SilverBow Resources, Inc., a Delaware corporation (the "Target"), Artemis Acquisition Holdings Inc., a Delaware corporation and a direct wholly-owned subsidiary of the Issuer ("Artemis Holdings"), Artemis Merger Sub Inc., a Delaware corporation and a direct wholly-owned subsidiary of the Issuer ("Merger Sub Inc."), and Artemis Merger Sub LLC a Delaware limited liability company and a direct wholly-owned Subsidiary of Artemis Holdings ("Merger Sub LLC"), pursuant to which, among other things, (i) Me