Crescent Energy Receives Favorable Responses from All Three Rating Agencies on Its Recently Announced Agreement to Acquire SilverBow Resources [Yahoo! Finance]
SilverBow Resorces, Inc. (SBOW)
Last silverbow resorces, inc. earnings: 3/4 04:05 pm
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Source: Yahoo! Finance
Ratings ("S&P") and Fitch Ratings, Inc. ("Fitch") have taken positive ratings actions on Crescent, pending the closing of the previously announced acquisition of SilverBow Resources, Inc. ("SilverBow") on May 16, 2024. In addition, Moody's Ratings ("Moody's") reaffirmed its stable outlook. In their releases, the agencies recognized the transaction's compelling strategic and financial rationale, citing potential for improved scale with complementary Eagle Ford assets, stable free cash flow generation and balance sheet strength. Moody's affirmed Crescent's Ba3 Corporate Family Rating (CFR) and B1 senior unsecured notes' ratings, and its stable outlook (May 20, 2024) S&P affirmed Crescent's B+ rating and revised its outlook to Positive, reflecting the combined company's increased size, scale, and lower pro-forma cost structure once the transaction has closed (May 20, 2024) Fitch placed Crescent's Long-Term Issuer Default Ratings (IDRs) of 'B+' on Rating Watch Positive (RWP) and aff
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News
- INVESTIGATION: The M&A Class Action Firm Investigates Merger of SilverBow Resources, Inc. – SBOWGlobeNewswire
- Crescent Energy Announces Offering of $750 Million Private Placement of Senior Notes Due 2033 [Yahoo! Finance]Yahoo! Finance
- SilverBow Resources Shareholders Re-Elect All SilverBow Director Nominees at 2024 Annual Meeting of ShareholdersBusiness Wire
- Crescent Energy wins 'favorable' rating agency responses on SilverBow deal [Seeking Alpha]Seeking Alpha
- Kimmeridge Withdraws Independent Nominees to SilverBow's Board Following Company's Definitive Agreement with Crescent Energy [Yahoo! Finance]Yahoo! Finance
SBOW
Earnings
- 5/1/24 - Beat
SBOW
Sec Filings
- 6/13/24 - Form 425
- 5/30/24 - Form 8-K
- 5/22/24 - Form 425
- SBOW's page on the SEC website