22 May 2026debt financing● Neutral
Crescent amended its credit agreement for the fifteenth time since 2021, part of routine ongoing facility maintenance.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
9 Mar 2026capital raising announcement● NeutralMajor
Crescent issued $690 million of 2.75% convertible senior notes due March 15, 2031 (including a fully exercised $90 million extra allotment) under an indenture with U.S. Bank Trust Company dated March 6, 2026. The notes convert at about $14.89 per share (a ~32.5% premium to the $11.24 price on March 3, 2026), and Crescent paid about $57 million for capped call transactions with a $22.48 cap to reduce potential dilution; conversions can be settled in cash, shares or a mix at Crescent's choice, so some dilution is possible if the stock rises above the conversion price. The filing as excerpted does not state what the proceeds will be used for.
2 Jan 2026debt financing● Neutral
Following the Vital merger, Crescent's finance subsidiary completed exchange offers swapping most of the legacy Vital 2029 and 2030 senior notes for newly issued Crescent notes with matching terms, folding Vital's debt into Crescent's own capital structure.
15 Dec 2025business combination▲ GoodMajor
Crescent completed its merger with Vital Energy, converting each Vital share into 1.9062 Crescent shares and forming a top-10 independent E&P spanning the Eagle Ford, Permian and Uinta basins.
15 Dec 2025merger communication● Neutral
Crescent filed a final Rule 425 communication as the Vital Energy merger reached completion.
12 Dec 2025merger communication● Neutral
Crescent filed a Rule 425 communication ahead of the Vital Energy merger's expected closing.
1 Dec 2025merger communication● Neutral
Crescent filed Rule 425 communications regarding the pending Vital Energy merger.
5 Nov 2025merger communication● Neutral
Crescent filed Rule 425 communications regarding the pending Vital Energy merger.
5 Nov 2025business combination● Neutral
Crescent furnished pro forma financials showing the combined impact of its completed Ridgemar and SilverBow acquisitions alongside its still-pending Vital Energy merger.
4 Nov 2025merger communication● Neutral
Crescent filed Rule 425 communications regarding the pending Vital Energy merger.
24 Oct 2025merger communication● Neutral
Crescent filed Rule 425 communications regarding the pending Vital Energy merger.
24 Oct 2025debt financing● Neutral
Crescent amended its credit agreement for the thirteenth time since 2021, part of routine ongoing facility maintenance.
22 Oct 2025business combination● Neutral
The amendment fixed the voting timetable for the Vital Energy merger -- Crescent's record date 16 October 2025, Vital's 22 October -- and priced the 1.9062 exchange ratio against current market rather than the August signing date. Terms unchanged in the cached text; the deal moved from drafted to scheduled.
22 Oct 2025merger communication● Neutral
Crescent filed a Rule 425 communication regarding the pending Vital Energy merger.
19 Sept 2025business combination● NeutralMajor
Registration statement for Crescent's all-stock purchase of Vital Energy: 1.9062 Crescent Class A shares per Vital share, about $18.95 a share at the August 24, 2025 signing, leaving Vital holders with roughly 23% of the enlarged company and no appraisal rights. Break fees run $76.9 million against Crescent and $22.5 million against Vital, and the filing flags that the deal triggers change-of-control rights under all three of Vital's note issues if the ratings agencies downgrade them.
26 Aug 2025merger communication● Neutral
Crescent filed another Rule 425 communication regarding the Vital Energy merger.
25 Aug 2025business combination▲ GoodMajor
Crescent agreed to acquire Vital Energy in an all-stock deal valued at about $3.1 billion including net debt, with a voting agreement locking up the sponsor group's Crescent shares in support of the deal.
25 Aug 2025merger communication● Neutral
Crescent filed another Rule 425 communication regarding the Vital Energy merger.
25 Aug 2025merger communication● Neutral
Crescent filed a Rule 425 communication in connection with the newly announced Vital Energy merger.
25 Aug 2025business combination▲ GoodMajor
Crescent announced an all-equity deal to acquire Vital Energy. After closing, former Crescent and Vital holders would own about 77% and 23% of Crescent's Class A shares, and Crescent posted an investor presentation titled "Establishing a Top 10 Independent."
25 Aug 2025merger communication● Neutral
Crescent filed another Rule 425 communication regarding the Vital Energy merger.
11 July 2025debt financing● NeutralMajor
Crescent's finance subsidiary issued $600 million of unsecured 8.375% notes due 2034 - dearer than the 7.625% notes it sold in 2024 but well below the 9.25% it was paying in 2023 - guaranteed by the same subsidiaries that back its bank facility, with the listed parent not on the hook.
31 Jan 2025asset acquisition disposition▲ GoodMajor
Crescent completed its acquisition of Ridgemar (Eagle Ford) LLC for $830 million cash plus about 5.45 million Crescent shares, with up to $170 million more payable as an oil-price-linked earn-out through 2027.
20 Dec 2024debt financing● Neutral
Crescent amended its credit agreement for the eleventh time since 2021, part of its routine ongoing facility maintenance.
13 Dec 2024debt financing● Neutral
Crescent's finance subsidiary issued an additional $400 million of its 7.625% senior notes due 2032, adding two more post-merger subsidiaries as guarantors.
3 Dec 2024capital raising announcement● NeutralMajor
Crescent agreed on Dec 3, 2024 to buy Ridgemar (Eagle Ford) LLC from Ridgemar Energy Operating, LLC for $805 million in cash plus up to 7,272,728 Class A shares, and up to $170 million of earn-out payments tied to WTI oil prices in 2026-2027. The same filing announces a planned underwritten offering of 18,000,000 shares (plus a 30-day option for up to 2,700,000 more) and an amendment capping the extra KKR management fee from the new shares at $5.0 million; closing is expected in Q1 2025, subject to HSR clearance. This starts the Ridgemar deal that the company history shows closing in January 2025.
9 Sept 2024debt financing● Neutral
Now including SilverBow's operating subsidiaries as note guarantors, Crescent's finance subsidiary issued an additional $250 million of 7.375% senior notes due 2033.
2 Aug 2024business combination▲ GoodMajor
Crescent completed its merger with SilverBow Resources: each SilverBow share converted, by election, into either 1.866 Crescent shares plus $15.31 cash, $38.00 cash outright, or 3.125 Crescent shares, creating one of the largest operators in the Eagle Ford.
29 July 2024merger communication▲ GoodMajor
Crescent shareholders overwhelmingly approved the stock issuance for the SilverBow merger (about 99.94% of votes cast), clearing the way for the deal to close the next day.
25 July 2024merger communication● Neutral
Crescent filed another Rule 425 communication ahead of the SilverBow merger shareholder votes.