The latest announcement is out from Crescent Energy Company Class A (CRGY).
Crescent Finance has recently amended its Credit Agreement, increasing its commitment amount to $2 billion and its borrowing base to $2.6 billion. Additionally, Crescent successfully completed its acquisition of SilverBow, offering various forms of consideration to SilverBow shareholders, including cash and stock options. The merger led to the expansion of Crescent’s Board with two former SilverBow directors now appointed. At Crescent’s Special Meeting, stockholders approved the issuance of Crescent Class A Common Stock in connection with the Mergers. Subsequently, Crescent has issued press releases detailing the Special Meeting results and finalizing the Mergers.
Learn more about CRGY stock on TipRanks’ Stock Analysis page.