Crescent Energy Company (CRGY) has filed a Form 8-K noting that its indirect subsidiary Crescent Energy Finance LLC has formally launched private exchange offers and related consent solicitations for Vital Energy, Inc.’s 7.750% senior notes due 2029 and 9.750% senior notes due 2030. The new Crescent notes will mirror the coupons and maturities of the existing Vital notes, and if consent thresholds are met, all holders on the settlement date will receive a 2.50 dollar cash fee per 1,000 dollars principal in addition to the new securities. The exchange offers and consent solicitations are being conducted via an offering memorandum dated 1 December 2025 and are tied to the pending Crescent–Vital business combination, with no public offer of securities being made.