Crescent Energy Enters Material Definitive Agreement

TL;DR

CRGY just signed a big deal, likely a new loan or debt agreement.

AI Summary

On December 11, 2024, Crescent Energy Company entered into a Material Definitive Agreement related to a direct financial obligation. The company, formerly known as IE PubCo Inc., is incorporated in Delaware and headquartered in Houston, Texas.

Why It Matters

This filing indicates a significant financial commitment or obligation for Crescent Energy, which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into new financial obligations can introduce financial risk if not managed effectively.

Key Players & Entities

• Crescent Energy Company (company) — Registrant
• IE PubCo Inc. (company) — Former company name
• December 11, 2024 (date) — Date of earliest event reported
• 600 Travis Street, Suite 7200, Houston, Texas 77002 (location) — Principal executive offices address

FAQ

Key Financial Figures

• $0.0001 — stered Class A Common Stock, par value $0.0001 per share CRGY New York Stock Exchange
• $400 million — ny (NYSE: CRGY) (the "Company"), issued $400 million aggregate principal amount of its 7.625
• $700 million — which the Issuer has previously issued $700 million aggregate principal amount of its 7.625

Filing Documents

• crgy-20241211.htm (8-K) — 44KB
• exhibit43-closing8xk.htm (EX-4.3) — 27KB
• exhibit44-closing8xk.htm (EX-4.4) — 151KB
• 0001628280-24-051191.txt ( ) — 361KB
• crgy-20241211.xsd (EX-101.SCH) — 2KB
• crgy-20241211_lab.xml (EX-101.LAB) — 22KB
• crgy-20241211_pre.xml (EX-101.PRE) — 13KB
• crgy-20241211_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. The information contained in Item 2.03 of this Current Report is incorporated into this Item 1.01 by reference. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On December 11, 2024, Crescent Energy Finance LLC, a Delaware limited liability company (the "Issuer") and indirect subsidiary of Crescent Energy Company (NYSE: CRGY) (the "Company"), issued $400 million aggregate principal amount of its 7.625% Senior Notes due 2032 (the "New Notes"). The New Notes were issued as additional notes pursuant to the Base Indenture, as supplemented by the first supplemental indenture, dated as of September 3, 2024 (the "First Supplemental Indenture"), the second supplemental indenture, dated as of November 7, 2024 (the "Second Supplemental Indenture"), and the third supplemental indenture, dated as of December 11, 2024 (the "Third Supplemental Indenture" and, collectively with the Base Indenture, the First Supplemental Indenture and the Second Supplemental Indenture, the "Indenture"), by and among the Issuer, the guarantors named therein (the "Guarantors") and U.S. Bank Trust Company, National Association, as trustee (the "Trustee"), pursuant to which the Issuer has previously issued $700 million aggregate principal amount of its 7.625% Senior Notes due 2032 (the "Existing Notes" and, together with the New Notes, the "Notes"). The New Notes will be treated as a single series of securities under the Indenture and will vote together as a single class with the Existing Notes, and have substantially identical terms, other than the issue date, the first interest payment date and the initial offering price, as the Existing Notes. Additional information regarding the Notes and the Indenture, pursuant to which such Notes were issued, is set forth below. Indenture and Senior Notes The Notes are senior unsecured obligations of the Issuer. The Notes are

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Description 4.1 Indenture, dated as of March 26, 2024, among Crescent Energy Finance LLC, the guarantors named therein, and U.S. Bank Trust Company, National Association, as trustee (incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on March 28, 2024). 4.2 First Supplemental Indenture, dated as of September 3, 2024, among Crescent Energy Finance LLC, the guarantors named therein, and U.S. Bank Trust Company, National Association, as trustee (incorporated by reference to Exhibit 4. 16 to the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 4, 2024 ) . 4.3 Second Supplemental Indenture, dated as of November 7, 2024, among Crescent Energy Finance LLC, the guarantors named therein, and U.S. Bank Trust Company, National Association, as trustee. 4.4 Third Supplemental Indenture, dated as of December 11 , 2024, among Crescent Energy Finance LLC, the guarantors named therein, and U.S. Bank Trust Company, National Association, as trustee. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 4 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 13, 2024 CRESCENT ENERGY COMPANY By: /s/ Bo Shi Name: Bo Shi Title: General Counsel 5