Crescent Energy to pay down revolver borrowings with notes proceeds

By Sara Rosenberg

New York, Jan. 25 – Crescent Energy Finance LLC plans to repay a portion of the amounts outstanding under its revolving credit facility using proceeds from a $400 million senior notes offering, according to a market source.

As of Sept. 30, the company had $685 million outstanding under the revolver.

Crescent Energy is a Houston-based energy company.

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