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Crescent Energy refinances notes and reshapes capital structure

Story Highlights
  • Crescent Energy’s subsidiary issued new 2029 and 2030 senior unsecured notes, guaranteed by key subsidiaries.
  • The notes were exchanged for Vital debt and paired with covenant changes, reshaping Crescent’s capital structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Crescent Energy refinances notes and reshapes capital structure

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An update from Crescent Energy Company Class A ( (CRGY) ) is now available.

On the Settlement Date, a Crescent Energy subsidiary issued $294.8 million of senior unsecured notes maturing July 31, 2029, with a 7.75% coupon, and $237.2 million of senior unsecured notes maturing October 15, 2030, with a 9.75% coupon, both fully and unconditionally guaranteed on a senior unsecured basis by existing subsidiary guarantors under the group’s revolving credit facility but not by the listed parent company or OpCo. The new Crescent 2029 and 2030 notes, which were issued in exchange for existing Vital notes in unregistered exchange offers, include standard high‑yield features such as optional redemption schedules, change‑of‑control repurchase rights, leverage‑ and payout‑restricting covenants, and acceleration upon events of default, while concurrent supplemental indentures for the Vital notes, effective as of December 12, 2025, removed certain restrictive covenants, collectively reshaping the group’s capital structure and covenant package for noteholders.

The most recent analyst rating on (CRGY) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Crescent Energy Company Class A stock, see the CRGY Stock Forecast page.

Spark’s Take on CRGY Stock

According to Spark, TipRanks’ AI Analyst, CRGY is a Neutral.

Crescent Energy’s overall stock score reflects a strong financial position and positive strategic developments, particularly the transformative acquisition of Vital Energy. However, technical indicators suggest bearish momentum, and valuation concerns persist with a negative P/E ratio. The company’s attractive dividend yield and robust earnings call performance contribute positively to the score.

To see Spark’s full report on CRGY stock, click here.

More about Crescent Energy Company Class A

Crescent Energy Company Class A, through its subsidiary Crescent Energy OpCo LLC and affiliated issuing entities, operates in the energy sector and finances its activities in part through senior unsecured notes issued by its subsidiaries, which are guaranteed by certain operating subsidiaries under its revolving credit facility but not by the listed parent company itself.

Average Trading Volume: 5,426,559

Technical Sentiment Signal: Sell

Current Market Cap: $2.76B

Learn more about CRGY stock on TipRanks’ Stock Analysis page.

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