Crescent Energy Announces Early Exchange Offers for 2029 and 2030 Senior Notes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 12 2025
0mins
Source: Businesswire
- Bond Exchange Program: Crescent Energy Finance is offering up to $298.21 million in 7.75% Senior Notes due 2029 and $302.36 million in 9.75% Senior Notes due 2030 to optimize its capital structure and reduce financial risk.
- Subscription Success: As of December 12, 2025, 94.21% of the 2029 Notes and 76.26% of the 2030 Notes have been validly tendered, indicating strong investor interest in the new notes and enhancing the company's financing capabilities.
- Amendment Impact: By proposing amendments to eliminate most restrictive covenants in existing notes, Crescent aims to provide greater operational flexibility for future financing and strategic development, which could lead to improved business performance.
- Timeline and Incentives: The exchange offers will expire on December 30, 2025, and upon successful exchange, holders will receive a cash incentive of $2.50 per $1,000 of existing notes, further encouraging participation and boosting market confidence.
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Analyst Views on CRGY
Wall Street analysts forecast CRGY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRGY is 13.00 USD with a low forecast of 10.00 USD and a high forecast of 15.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
6 Buy
2 Hold
0 Sell
Strong Buy
Current: 9.580
Low
10.00
Averages
13.00
High
15.00
Current: 9.580
Low
10.00
Averages
13.00
High
15.00
About CRGY
Crescent Energy Company is an energy company. The Company’s operations are focused on Texas and the Rockies with active development in the Eagle Ford and Uinta basins. It also operates conventional assets in Wyoming, where it is active in carbon capture, use and storage (CCUS). It is an operator in the Eagle Ford with a proven ability to scale and safely capture operational upside. It operates in both the oil and condensate windows of the Eagle Ford. Its Uinta position has a large inventory of low-risk undeveloped locations with significant resource potential across multiple, prolific formations. The Uinta basin produces high-value crude, and it has secured takeaway capacity into the Salt Lake City refining complex. Its Wyoming operations comprise low-decline conventional production spanning numerous conventional fields. It operates two enhanced oil recovery projects (EOR) in Wyoming.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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