HOUSTON Crescent Energy Company (NYSE: CRGY) announced today that its subsidiary, Crescent Energy Finance LLC, intends to offer $700 million in Senior Notes due 2032 to eligible purchasers. The Notes will be guaranteed on a senior basis, subject to market conditions.
Despite a net increase in borrowings of -11.39% in the fourth quarter of 2023, Crescent Energy managed to improve its Total Debt to Equity ratio to 0.98, surpassing the company’s typical average. In comparison to 45 other companies within the industry, Crescent Energy ranks higher in Total Debt to Equity, with a significant improvement from the previous quarter. The company’s trailing twelve months Total Debt to Equity decreased below the average, indicating a strong performance in managing debt.
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