Crescent Energy Announces Pricing of Upsized $600 Million Private Placement of 2.75% Convertible Senior Notes Due 2031

A portion of the proceeds to be used to purchase a capped call to offset any share dilution up to a 100% premium to the current share price Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”) announced today that it has priced its previously announced private placement offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) of $600 million aggregate principal amount of 2.75% Convertible Senior Notes due 2031 (the “notes”). The size of this offering was increased from the previously announced $400 million to $600 million. The issuance and sale of the notes are scheduled to settle on March 6, 2026, subject to customary closing conditions. The Company also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 calendar days from, and including, the date the notes are first issued, up to an additional $90 million