Debevoise Advised KKR in Its Secondary Public Offering of Class A Common Stock of Crescent Energy Company and Concurrent Sale of Units of Crescent Energy OpCo LLC Pursuant to a Repurchase Agreement

13 March 2024

Debevoise & Plimpton LLP has advised KKR in a secondary public offering of its stake in Crescent Energy (NYSE: CRGY) of 13,800,000 shares, at a public offering price of $10.50 per share. The Class A common stock is being offered by KKR portfolio company Independence Energy Aggregator L.P. (the “Selling Stockholder”). In connection with the closing of the offering, Crescent agreed to repurchase from the Selling Stockholder an aggregate of 2,300,000 units of Crescent Energy OpCo LLC. For more information, please see the press release about the pricing.

Crescent Energy Company is a U.S. energy company with a portfolio of assets concentrated in Texas and the Rockies.

The Debevoise team was led by capital markets partner Morgan Hayes and included associates Mihir Awati, Michael Pan and Michael Stephan.