Contract
Exhibit 4.2
FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of July 20, 2023, by and among Crescent Energy Finance LLC, a Delaware limited liability company (the “Issuer”), the Guarantors party hereto (the “Guarantors”) and U.S. Bank Trust Company, National Association, a national banking association, as trustee (the “Trustee”).
W I T N E S S E T H
WHEREAS, each of the Issuer and the Guarantors (as defined in the Indenture referred to below) has heretofore executed and delivered to the Trustee an indenture, dated as of February 1, 2023 (the “Indenture”), providing for the issuance of 9.250% Senior Notes due 2028 (the “Initial Notes”);
WHEREAS, Section 2.01(d) of the Indenture provides that Additional Notes ranking pari passu with the Initial Notes may be created and issued from time to time by the Issuer (subject to the Issuer’s compliance with Section 4.09 of the Indenture) without notice to or consent of the Holders and shall be consolidated with and form a single class with the Initial Notes and shall have the same terms as to status, redemption or otherwise as the Initial Notes; and
WHEREAS, the Issuer and the Guarantors desire to execute and deliver this Supplemental Indenture for the purpose of issuing $300,000,000 in aggregate principal amount of additional notes, having terms substantially identical in all material respects to the Initial Notes (the “Additional Notes” and, together with the Initial Notes, the “Notes”); and
WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.
NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
(1) Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
(2) Additional Notes. As of the date hereof, the Issuer will issue, and the Trustee is directed to authenticate and deliver, the Additional Notes under the Indenture having the same terms as the Initial Notes, except that interest on the Additional Notes will accrue from February 1, 2023. The Initial Notes and the Additional Notes shall be treated as a single class for all purposes under the Indenture. Copies of the Global Notes representing the Additional Notes are attached hereto as Exhibit A.
(3) Governing Law. THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
(4) Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. This Supplemental Indenture may be executed in multiple counterparts, which, when taken together, shall constitute one instrument. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or electronic (by ‘.pdf’ or other format) transmissions shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or electronically (by ‘.pdf’ or other format) shall be deemed to be their original signatures for all purposes.
(5) Effect of Headings. The Section headings herein are for convenience only and shall not affect the construction hereof.
(6) The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Issuer and the Guarantors.
(7) Continued Effect. Except as expressly supplemented and amended by this Supplemental Indenture, the Indenture shall continue in full force and effect in accordance with the provisions thereof, and the Indenture (as supplemented and amended by this Supplemental Indenture) is in all respects hereby ratified and confirmed. This Supplemental Indenture and all the terms and conditions of this Supplemental Indenture, with respect to the Notes, shall be and be deemed to be part of the terms and conditions of the Indenture for any and all purposes.
The remainder of this page is intentionally left blank.
IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all as of the date first above written.
| CRESCENT ENERGY FINANCE LLC, as Company | ||
| By: Crescent Energy OpCo LLC, its sole member | ||
| By: Crescent Energy Company, its managing member | ||
| By: | /s/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | ||
| Title: Chief Financial Officer | ||
| INDEPENDENCE MINERALS HOLDINGS LLC, as Guarantor | ||
| By: | /s/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | ||
| Title: Authorized Person | ||
| INDEPENDENCE MINERALS GP LLC, as Guarantor | ||
| By: | /s/▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | ||
| Title: Vice President | ||
| INDEPENDENCE MINERALS L.P., as Guarantor | ||
| By: Independence Minerals GP LLC, its general partner | ||
| By: | /s/▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | ||
| Title: Vice President | ||
[Signature Page to Supplemental Indenture]
| INDEPENDENCE UPSTREAM HOLDINGS GP LLC, as Guarantor | ||
| By: | /s/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | ||
| Title: Authorized Person | ||
| INDEPENDENCE UPSTREAM HOLDINGS L.P., as Guarantor | ||
| By: Independence Upstream Holdings GP LLC, its general partner | ||
| By: | /s/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | ||
| Title: Authorized Person | ||
| INDEPENDENCE UPSTREAM GP LLC, as Guarantor | ||
| By: | /s/▇▇▇▇ ▇▇▇▇ | |
| Name: ▇▇▇▇ ▇▇▇▇ | ||
| Title: Vice President | ||
| INDEPENDENCE UPSTREAM L.P., as Guarantor | ||
| By: Independence Upstream GP LLC, its general partner | ||
| By: | /s/▇▇▇▇ ▇▇▇▇ | |
| Name: ▇▇▇▇ ▇▇▇▇ | ||
| Title: Vice President | ||
| COLT ADMIRAL A HOLDING GP LLC, as Guarantor | ||
| By: | /s/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | ||
| Title: Authorized Person | ||
[Signature Page to Supplemental Indenture]
| COLT ADMIRAL A HOLDING L.P., as Guarantor | ||
| By: Colt Admiral A Holding GP LLC, its general partner | ||
| By: | /s/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | ||
| Title: Authorized Person | ||
| TITAN ENERGY HOLDINGS L.P., as Guarantor | ||
| By: Colt Admiral A Holding GP LLC, its general partner | ||
| By: | /s/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | ||
| Title: Authorized Person | ||
| EIGF MINERALS GP LLC, as Guarantor | ||
| By: | /s/▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | ||
| Title: Vice President | ||
| EIGF MINERALS L.P., as Guarantor | ||
| By: EIGF MINERALS GP LLC, its general partner | ||
| By: | /s/▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | ||
| Title: Vice President | ||
| IE BUFFALO HOLDINGS LLC, as Guarantor | ||
| By: | /s/▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | ||
| Title: Vice President | ||
[Signature Page to Supplemental Indenture]
| JAVELIN EF GP LLC, as Guarantor | ||
| By: | /s/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | ||
| Title: Authorized Person | ||
| JAVELIN EF L.P., as Guarantor | ||
| By: Javelin EF GP LLC, its general partner | ||
| By: | /s/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | ||
| Title: Authorized Person | ||
| JAVELIN PALO VERDE GP LLC, as Guarantor | ||
| By: | /s/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | ||
| Title: Authorized Person | ||
| JAVELIN PALO VERDE L.P., as Guarantor | ||
| By: Javelin Palo Verde GP LLC, its general partner | ||
| By: | /s/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | ||
| Title: Authorized Person | ||
| JAVELIN PALO VERDE AGGREGATOR L.P., as Guarantor | ||
| By: Javelin EFA GP LLC, its general partner | ||
| By: | /s/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | ||
| Title: Authorized Person | ||
[Signature Page to Supplemental Indenture]
| JAVELIN EFA GP LLC, as Guarantor | ||
| By: | /s/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | ||
| Title: Authorized Person | ||
| JAVELIN EF AGGREGATOR L.P., as Guarantor | ||
| By: Javelin EFA GP LLC, its general partner | ||
| By: | /s/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | ||
| Title: Authorized Person | ||
| JAVELIN OIL & GAS LLC, as Guarantor | ||
| By: | /s/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | ||
| Title: Authorized Person | ||
| JAVELIN EFA HOLDINGS LLC, as Guarantor | ||
| By: Javelin Oil & Gas LLC, its sole member | ||
| By: | /s/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | ||
| Title: Authorized Person | ||
| JAVELIN MARKETING, LLC, as Guarantor | ||
| By: | /s/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | ||
| Title: Authorized Person | ||
[Signature Page to Supplemental Indenture]
| CMP LEGACY CO. LLC, as Guarantor | ||
| By: | /s/▇▇▇▇ ▇▇▇▇ | |
| Name: ▇▇▇▇ ▇▇▇▇ | ||
| Title: Vice President, Finance | ||
| DMA ROYALTY INVESTMENTS L.P., as Guarantor | ||
| By: Independence Minerals GP LLC, its general partner | ||
| By: | /s/▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | ||
| Title: Vice President | ||
| FALCON HOLDING L.P., as Guarantor | ||
| By: Independence Minerals GP LLC, its general partner | ||
| By: | /s/▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | ||
| Title: Vice President | ||
| MINERAL ACQUISITION COMPANY I, L.P., as Guarantor | ||
| By: Independence Minerals GP LLC, its general partner | ||
| By: | /s/▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | ||
| Title: Vice President | ||
[Signature Page to Supplemental Indenture]
| SPRINGFIELD GS HOLDINGS LLC, as Guarantor | ||
| By: Javelin EF L.P., its sole member | ||
| By: Javelin EF GP LLC, its general partner | ||
| By: | /s/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | ||
| Title: Authorized Person | ||
| VINE ROYALTY GP LLC, as Guarantor | ||
| By: | /s/▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | ||
| Title: Vice President | ||
| VINE ROYALTY L.P., as Guarantor | ||
| By: Vine Royalty GP LLC, its general partner | ||
| By: | /s/▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | ||
| Title: Vice President | ||
| CONTANGO CRESCENT ▇▇▇▇▇ LLC, as Guarantor | ||
| By: | /s/▇▇▇▇ ▇▇▇▇ | |
| Name: ▇▇▇▇ ▇▇▇▇ | ||
| Title: Senior Vice President | ||
| ▇▇▇▇▇ ACQUISITION LLC, as Guarantor | ||
| By: | /s/▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | ||
| Title: Vice President | ||
[Signature Page to Supplemental Indenture]
| IE BUFFALO MINERALS LLC, as Guarantor | ||
| By: IE Buffalo Holdings, LLC, its managing member | ||
| By: | /s/▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | ||
| Title: Vice President | ||
| NEWARK C-I HOLDING L.P., as Guarantor | ||
| By: Javelin EFA GP LLC | ||
| By: | /s/▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | ||
| Title: Vice President | ||
| NEWARK ACQUISITION GP I LLC, as Guarantor | ||
| By: | /s/▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | ||
| Title: Vice President | ||
| NEWARK ACQUISITION I L.P., as Guarantor | ||
| By: Newark Acquisition GP I LLC, its general partner | ||
| By: | /s/▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | ||
| Title: Vice President | ||
[Signature Page to Supplemental Indenture]
| CRESCENT CONVENTIONAL LLC, as Guarantor | ||
| By: | /s/▇▇▇▇ ▇▇▇▇ | |
| Name: ▇▇▇▇ ▇▇▇▇ | ||
| Title: Vice President, Finance | ||
| MADDEN ASSETCO LLC, as Guarantor | ||
| By: Contango Crescent VentureCo I LLC, its sole member | ||
| By: | /s/▇▇▇▇ ▇▇▇▇ | |
| Name: ▇▇▇▇ ▇▇▇▇ | ||
| Title: Senior Vice President | ||
| MADDEN AGENTCO INC., as Guarantor | ||
| By: | /s/▇▇▇▇ ▇▇▇▇ | |
| Name: ▇▇▇▇ ▇▇▇▇ | ||
| Title: Senior Vice President | ||
| JAVELIN VENTURECO, LLC, as Guarantor | ||
| By: | /s/▇▇▇▇ ▇. ▇▇▇▇▇▇ | |
| Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇ | ||
| Title: President & Chief Executive Officer | ||
| JAVELIN UINTA, LLC, as Guarantor | ||
| By: Javelin VentureCo, LLC, its sole member | ||
| By: | /s/▇▇▇▇ ▇. ▇▇▇▇▇▇ | |
| Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇ | ||
| Title: President & Chief Executive Officer | ||
[Signature Page to Supplemental Indenture]
| ▇▇▇▇▇ HOLDING GP LLC, as Guarantor | ||
| By: |
/s/▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | ||
| Title: Vice President | ||
| ▇▇▇▇▇ C-I HOLDING L.P., as Guarantor | ||
| By: ▇▇▇▇▇ Holding GP LLC, its general partner | ||
| By: |
/s/▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ | ||
| Title: Vice President | ||
| BRIDGE ENERGY HOLDINGS LLC, as Guarantor | ||
| By: |
/s/▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ | ||
| Title: President | ||
| BRIDGE ENERGY LLC, as Guarantor | ||
| By: Bridge Energy Holdings LLC, its sole member | ||
| By: |
/s/▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ | ||
| Title: President | ||
| ▇▇▇▇▇ C-I HOLDING AGENT CORP., as Guarantor | ||
| By: |
/s/▇▇▇▇ ▇▇▇▇ | |
| Name: ▇▇▇▇ ▇▇▇▇ | ||
| Title: Authorized Person | ||
[Signature Page to Supplemental Indenture]
| NEWARK HOLDING AGENT CORP., as Guarantor | ||
| By: | /s/▇▇▇▇ ▇▇▇▇ | |
| Name: ▇▇▇▇ ▇▇▇▇ | ||
| Title: Authorized Person | ||
| IE L MERGER SUB LLC, as Guarantor | ||
| By: | /s/▇▇▇▇ ▇▇▇▇ | |
| Name: ▇▇▇▇ ▇▇▇▇ | ||
| Title: Senior Vice President | ||
| CONTANGO RESOURCES, LLC, as Guarantor | ||
| By: | /s/▇▇▇▇ ▇▇▇▇ | |
| Name: ▇▇▇▇ ▇▇▇▇ | ||
| Title: Senior Vice President | ||
| CONTANGO MIDSTREAM COMPANY, LLC, as Guarantor | ||
| By: | /s/▇▇▇▇ ▇▇▇▇ | |
| Name: ▇▇▇▇ ▇▇▇▇ | ||
| Title: Senior Vice President | ||
| CONTARO COMPANY, LLC, as Guarantor | ||
| By: | /s/▇▇▇▇ ▇▇▇▇ | |
| Name: ▇▇▇▇ ▇▇▇▇ | ||
| Title: Senior Vice President | ||
[Signature Page to Supplemental Indenture]
| CONTANGO ALTA INVESTMENTS, LLC, as Guarantor | ||
| By: | /s/▇▇▇▇ ▇▇▇▇ | |
| Name: ▇▇▇▇ ▇▇▇▇ | ||
| Title: Senior Vice President | ||
| CONTANGO AGENTCO ONSHORE, INC., as Guarantor | ||
| By: | /s/▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, III | |
| Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, III | ||
| Title: General Counsel | ||
| FOURPASS ENERGY LLC, as Guarantor | ||
| By: Crescent Energy Finance LLC, its sole member | ||
| By: | /s/▇▇▇▇ ▇▇▇▇ | |
| Name: ▇▇▇▇ ▇▇▇▇ | ||
| Title: Chief Accounting Officer | ||
| CMP VENTURE CO. LLC, as Guarantor | ||
| By: | /s/▇▇▇▇ ▇▇▇▇ | |
| Name: ▇▇▇▇ ▇▇▇▇ | ||
| Title: Vice President, Finance | ||
| CONTANGO CRESCENT VENTURECO I LLC, as Guarantor | ||
| By: | /s/▇▇▇▇ ▇▇▇▇ | |
| Name: ▇▇▇▇ ▇▇▇▇ | ||
| Title: Senior Vice President | ||
[Signature Page to Supplemental Indenture]
| U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee | ||
| By: | /s/▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |
| Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | ||
| Title: Vice President | ||
[Signature Page to Supplemental Indenture]
