Crescent Energy Launches Early Exchange Offers for 2029 and 2030 Notes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 13 2025
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Source: Newsfilter
- Bond Exchange Initiative: Crescent Energy's CE Finance has announced an exchange offer for Vital Energy's 7.75% and 9.75% senior notes, involving $298.2 million and $302.4 million respectively, aimed at optimizing capital structure and reducing financing costs.
- Subscription Validity: 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 demand for the new notes, which enhances Crescent's market confidence.
- Amendment Implications: The exchange includes proposed amendments to existing bond covenants, aimed at eliminating most restrictive clauses, thereby increasing financial flexibility and facilitating future capital operations.
- 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 bonds, further encouraging participation and enhancing company liquidity.
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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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