Crescent Energy Company announced the commencement of an underwritten public offering of 12M shares of its Class A common stock. The common stock is being offered by Independence Energy Aggregator, the direct owner of the shares being offered and the entity through which certain unaffiliated limited partners and affiliated entities hold their interests in the company and its subsidiary Crescent Energy OpCo. The company will not sell any shares of its common stock in the offering and will not receive any proceeds therefrom. Wells Fargo Securities, Evercore Group and Raymond James & Associates, Inc. are serving as joint book-running managers for the offering.
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