Third Supplemental Indenture, dated as of December 8, 2023, among Crescent Energy Finance LLC, the guarantors named therein, and U.S. Bank Trust Company, National Association, as trustee
Exhibit 4.4
THIRD SUPPLEMENTAL INDENTURE (this Third Supplemental Indenture), dated as of December 8, 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 Base Indenture), providing for the issuance of 9.250% Senior Notes due 2028 (the Original 2028 Notes), as supplemented by the first supplemental indenture, dated as of July 20, 2023 (the First Supplemental Indenture) and the second supplemental indenture, dated as of September 12, 2023 (the Second Supplemental Indenture and, together with the Base Indenture and the First Supplemental Indenture, the Indenture) providing for the additional issuance of 9.250% Senior Notes due 2028 (the Additional 2028 Notes and, together with the Original 2028 Notes, the Existing 2028 Notes);
WHEREAS, Section 2.01(d) of the Indenture provides that Additional Notes ranking pari passu with the Existing 2028 Notes may be created and issued from time to time by the Issuer (subject to the Issuers 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 Existing 2028 Notes and shall have the same terms as to status, redemption or otherwise as the Existing 2028 Notes; and
WHEREAS, the Issuer and the Guarantors desire to execute and deliver this Third Supplemental Indenture for the purpose of issuing $150,000,000 in aggregate principal amount of additional notes, having terms substantially identical in all material respects to the Existing 2028 Notes (the Additional Notes and, together with the Existing 2028 Notes, the Notes); and
WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Third 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 Existing 2028 Notes, except that interest on the Additional Notes will accrue from August 15, 2023 and the first interest payment date shall be February 15, 2024. The Existing 2028 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 THIRD 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 Third Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. This Third Supplemental Indenture may be executed in multiple counterparts, which, when taken together, shall constitute one instrument. The exchange of copies of this Third Supplemental Indenture and of signature pages by facsimile or electronic (by .pdf or other format) transmissions shall constitute effective execution and delivery of this Third Supplemental Indenture as to the parties hereto and may be used in lieu of the original Third 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 Third 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 Third 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 Third Supplemental Indenture) is in all respects hereby ratified and confirmed. This Third Supplemental Indenture and all the terms and conditions of this Third 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.
Very truly yours,
CRESCENT ENERGY FINANCE LLC, as Company | ||
By: Crescent Energy OpCo LLC, its sole member | ||
By: Crescent Energy Company, its managing member | ||
By: | /s/ Brandi Kendall | |
Name: Brandi Kendall | ||
Title: Chief Financial Officer | ||
INDEPENDENCE MINERALS HOLDINGS LLC, as Guarantor | ||
By: | /s/ Brandi Kendall | |
Name: Brandi Kendall | ||
Title: Authorized Person | ||
INDEPENDENCE MINERALS GP LLC, as Guarantor | ||
By: | /s/ David Rockecharlie | |
Name: David Rockecharlie | ||
Title: Vice President | ||
INDEPENDENCE MINERALS L.P., as Guarantor | ||
By: Independence Minerals GP LLC, its general partner | ||
By: | /s/ David Rockecharlie | |
Name: David Rockecharlie | ||
Title: Vice President |
[Signature Page to Third Supplemental Indenture]
INDEPENDENCE UPSTREAM HOLDINGS GP LLC, as Guarantor | ||
By: | /s/ Brandi Kendall | |
Name: Brandi Kendall | ||
Title: Authorized Person | ||
INDEPENDENCE UPSTREAM HOLDINGS L.P., as Guarantor | ||
By: Independence Upstream Holdings GP LLC, its general partner | ||
By: | /s/ Brandi Kendall | |
Name: Brandi Kendall | ||
Title: Authorized Person | ||
INDEPENDENCE UPSTREAM GP LLC, as Guarantor | ||
By: | /s/ Todd Falk | |
Name: Todd Falk | ||
Title: Vice President | ||
INDEPENDENCE UPSTREAM L.P., as Guarantor | ||
By: Independence Upstream GP LLC, its general partner | ||
By: | /s/ Todd Falk | |
Name: Todd Falk | ||
Title: Vice President | ||
COLT ADMIRAL A HOLDING GP LLC, as Guarantor | ||
By: | /s/ Brandi Kendall | |
Name: Brandi Kendall | ||
Title: Authorized Person |
[Signature Page to Third Supplemental Indenture]
COLT ADMIRAL A HOLDING L.P., as Guarantor | ||
By: Colt Admiral A Holding GP LLC, its general partner | ||
By: | /s/ Brandi Kendall | |
Name: Brandi Kendall | ||
Title: Authorized Person | ||
TITAN ENERGY HOLDINGS L.P., as Guarantor | ||
By: Colt Admiral A Holding GP LLC, its general partner | ||
By: | /s/ Brandi Kendall | |
Name: Brandi Kendall | ||
Title: Authorized Person | ||
EIGF MINERALS GP LLC, as Guarantor | ||
By: | /s/ David Rockecharlie | |
Name: David Rockecharlie | ||
Title: Vice President | ||
EIGF MINERALS L.P., as Guarantor | ||
By: EIGF MINERALS GP LLC, its general partner | ||
By: | /s/ David Rockecharlie | |
Name: David Rockecharlie | ||
Title: Vice President | ||
IE BUFFALO HOLDINGS LLC, as Guarantor | ||
By: | /s/ David Rockecharlie | |
Name: David Rockecharlie | ||
Title: Vice President |
[Signature Page to Third Supplemental Indenture]
JAVELIN EF GP LLC, as Guarantor | ||
By: | /s/ Brandi Kendall | |
Name: Brandi Kendall | ||
Title: Authorized Person | ||
JAVELIN EF L.P., as Guarantor | ||
By: Javelin EF GP LLC, its general partner | ||
By: | /s/ Brandi Kendall | |
Name: Brandi Kendall | ||
Title: Authorized Person | ||
JAVELIN PALO VERDE GP LLC, as Guarantor | ||
By: | /s/ Brandi Kendall | |
Name: Brandi Kendall | ||
Title: Authorized Person | ||
JAVELIN PALO VERDE L.P., as Guarantor | ||
By: Javelin Palo Verde GP LLC, its general partner | ||
By: | /s/ Brandi Kendall | |
Name: Brandi Kendall | ||
Title: Authorized Person | ||
JAVELIN PALO VERDE AGGREGATOR L.P., as Guarantor | ||
By: Javelin EFA GP LLC, its general partner | ||
By: | /s/ Brandi Kendall | |
Name: Brandi Kendall | ||
Title: Authorized Person |
[Signature Page to Third Supplemental Indenture]
JAVELIN EFA GP LLC, as Guarantor | ||
By: | /s/ Brandi Kendall | |
Name: Brandi Kendall | ||
Title: Authorized Person | ||
JAVELIN EF AGGREGATOR L.P., as Guarantor | ||
By: Javelin EFA GP LLC, its general partner | ||
By: | /s/ Brandi Kendall | |
Name: Brandi Kendall | ||
Title: Authorized Person | ||
JAVELIN OIL & GAS LLC, as Guarantor | ||
By: | /s/ Brandi Kendall | |
Name: Brandi Kendall | ||
Title: Authorized Person | ||
JAVELIN EFA HOLDINGS LLC, as Guarantor | ||
By: Javelin Oil & Gas LLC, its sole member | ||
By: | /s/ Brandi Kendall | |
Name: Brandi Kendall | ||
Title: Authorized Person | ||
JAVELIN MARKETING, LLC, as Guarantor | ||
By: | /s/ Brandi Kendall | |
Name: Brandi Kendall | ||
Title: Authorized Person |
[Signature Page to Third Supplemental Indenture]
CMP LEGACY CO. LLC, as Guarantor | ||
By: | /s/ Todd Falk | |
Name: Todd Falk | ||
Title: Vice President, Finance | ||
DMA ROYALTY INVESTMENTS L.P., as Guarantor | ||
By: Independence Minerals GP LLC, its general partner | ||
By: | /s/ David Rockecharlie | |
Name: David Rockecharlie | ||
Title: Vice President | ||
FALCON HOLDING L.P., as Guarantor | ||
By: Independence Minerals GP LLC, its general partner | ||
By: | /s/ David Rockecharlie | |
Name: David Rockecharlie | ||
Title: Vice President | ||
MINERAL ACQUISITION COMPANY I, L.P., as Guarantor | ||
By: Independence Minerals GP LLC, its general partner | ||
By: | /s/ David Rockecharlie | |
Name: David Rockecharlie | ||
Title: Vice President |
[Signature Page to Third 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/ Brandi Kendall | |
Name: Brandi Kendall | ||
Title: Authorized Person | ||
VINE ROYALTY GP LLC, as Guarantor | ||
By: | /s/ David Rockecharlie | |
Name: David Rockecharlie | ||
Title: Vice President | ||
VINE ROYALTY L.P., as Guarantor | ||
By: Vine Royalty GP LLC, its general partner | ||
By: | /s/ David Rockecharlie | |
Name: David Rockecharlie | ||
Title: Vice President | ||
CONTANGO CRESCENT RENEE LLC, as Guarantor | ||
By: | /s/ Todd Falk | |
Name: Todd Falk | ||
Title: Senior Vice President | ||
RENEE ACQUISITION LLC, as Guarantor | ||
By: | /s/ David Rockecharlie | |
Name: David Rockecharlie | ||
Title: Vice President |
[Signature Page to Third Supplemental Indenture]
IE BUFFALO MINERALS LLC, as Guarantor | ||
By: IE Buffalo Holdings, LLC, its managing member | ||
By: | /s/ David Rockecharlie | |
Name: David Rockecharlie | ||
Title: Vice President | ||
NEWARK C-I HOLDING L.P., as Guarantor | ||
By: Javelin EFA GP LLC | ||
By: | /s/ David Rockecharlie | |
Name: David Rockecharlie | ||
Title: Vice President | ||
NEWARK ACQUISITION GP I LLC, as Guarantor | ||
By: | /s/ David Rockecharlie | |
Name: David Rockecharlie | ||
Title: Vice President | ||
NEWARK ACQUISITION I L.P., as Guarantor | ||
By: Newark Acquisition GP I LLC, its general partner | ||
By: | /s/ David Rockecharlie | |
Name: David Rockecharlie | ||
Title: Vice President |
[Signature Page to Third Supplemental Indenture]
CRESCENT CONVENTIONAL LLC, as Guarantor | ||
By: | /s/ Todd Falk | |
Name: Todd Falk | ||
Title: Vice President, Finance | ||
MADDEN ASSETCO LLC, as Guarantor | ||
By: Contango Crescent VentureCo I LLC, its sole member | ||
By: | /s/ Todd Falk | |
Name: Todd Falk | ||
Title: Senior Vice President | ||
MADDEN AGENTCO INC., as Guarantor | ||
By: | /s/ Todd Falk | |
Name: Todd Falk | ||
Title: Senior Vice President | ||
JAVELIN VENTURECO, LLC, as Guarantor | ||
By: | /s/ John D. Jacobi | |
Name: John D. Jacobi | ||
Title: President & Chief Executive Officer | ||
JAVELIN UINTA, LLC, as Guarantor | ||
By: Javelin VentureCo, LLC, its sole member | ||
By: | /s/ John D. Jacobi | |
Name: John D. Jacobi | ||
Title: President & Chief Executive Officer |
[Signature Page to Third Supplemental Indenture]
RENEE HOLDING GP LLC, as Guarantor | ||
By: | /s/ David Rockecharlie | |
Name: David Rockecharlie | ||
Title: Vice President | ||
RENEE C-I HOLDING L.P., as Guarantor | ||
By: Renee Holding GP LLC, its general partner | ||
By: | /s/ David Rockecharlie | |
Name: David Rockecharlie | ||
Title: Vice President | ||
BRIDGE ENERGY HOLDINGS LLC, as Guarantor | ||
By: | /s/ Randall Breitenbach | |
Name: Randall Breitenbach | ||
Title: President | ||
BRIDGE ENERGY LLC, as Guarantor | ||
By: Bridge Energy Holdings LLC, its sole member | ||
By: | /s/ Randall Breitenbach | |
Name: Randall Breitenbach | ||
Title: President | ||
RENEE C-I HOLDING AGENT CORP., as Guarantor | ||
By: | /s/ Todd Falk | |
Name: Todd Falk | ||
Title: Authorized Person |
[Signature Page to Third Supplemental Indenture]
NEWARK HOLDING AGENT CORP., as Guarantor | ||
By: | /s/ Todd Falk | |
Name: Todd Falk | ||
Title: Authorized Person | ||
IE L MERGER SUB LLC, as Guarantor | ||
By: | /s/ Todd Falk | |
Name: Todd Falk | ||
Title: Senior Vice President | ||
CONTANGO RESOURCES, LLC, as Guarantor | ||
By: | /s/ Todd Falk | |
Name: Todd Falk | ||
Title: Senior Vice President | ||
CONTANGO MIDSTREAM COMPANY, LLC, as Guarantor | ||
By: | /s/ Todd Falk | |
Name: Todd Falk | ||
Title: Senior Vice President | ||
By: | /s/ Todd Falk | |
Name: Todd Falk | ||
Title: Senior Vice President | ||
CONTARO COMPANY, LLC, as Guarantor | ||
By: | /s/ Todd Falk | |
Name: Todd Falk | ||
Title: Senior Vice President |
[Signature Page to Third Supplemental Indenture]
CONTANGO ALTA INVESTMENTS, LLC, as Guarantor | ||
By: | /s/ Todd Falk | |
Name: Todd Falk | ||
Title: Senior Vice President | ||
CONTANGO AGENTCO ONSHORE, INC., as Guarantor | ||
By: | /s/ Charles L. McLawhorn, III | |
Name: Charles L. McLawhorn, III | ||
Title: General Counsel | ||
FOURPASS ENERGY LLC, as Guarantor | ||
By: Crescent Energy Finance LLC, its sole member | ||
By: | /s/ Todd Falk | |
Name: Todd Falk | ||
Title: Chief Accounting Officer | ||
CMP VENTURE CO. LLC, as Guarantor | ||
By: | /s/ Todd Falk | |
Name: Todd Falk | ||
Title: Vice President, Finance | ||
CONTANGO CRESCENT VENTURECO I LLC, as Guarantor | ||
By: | /s/ Todd Falk | |
Name: Todd Falk | ||
Title: Senior Vice President |
[Signature Page to Third Supplemental Indenture]
U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee | ||
By: | /s/ Brian T. Jensen | |
Name: Brian T. Jensen | ||
Title: Vice President |
[Signature Page to Third Supplemental Indenture]
IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all as of the date first above written.
The following entities, each as a Guarantor:
1. | Independence Upstream Holdings GP LLC |
2. | Independence Upstream Holdings L.P. |
3. | Independence Upstream GP LLC |
4. | Independence Upstream L.P. |
5. | Colt Admiral A Holding GP LLC |
6. | Colt Admiral A Holding L.P. |
7. | Titan Energy Holdings L.P. |
8. | Independence Minerals Holdings LLC |
9. | EIGF Minerals GP LLC |
10. | EIGF Minerals L.P. |
11. | Independence Minerals GP LLC |
12. | Independence Minerals L.P. |
13. | DMA Royalty Investments L.P. |
14. | Falcon Holding L.P. |
15. | Mineral Acquisition Company I, LP |
16. | IE Buffalo Holdings LLC |
17. | IE Buffalo Minerals LLC |
18. | Vine Royalty GP LLC |
19. | Vine Royalty L.P. |
20. | Renee Holding GP LLC |
21. | Renee C-I Holding L.P. |
22. | Renee C-I Holding Agent Corp. |
23. | Renee Acquisition LLC |
24. | Newark C-I Holding L.P. |
25. | Newark Acquisition GP I LLC |
26. | Newark Acquisition I L.P. |
27. | Newark Holding Agent Corp. |
28. | Javelin Oil & Gas, LLC |
29. | Javelin EFA Holdings LLC |
30. | Javelin EF Aggregator L.P. |
31. | Javelin EF GP LLC |
32. | Javelin EF L.P. |
33. | Springfield GS Holdings LLC |
34. | Javelin EFA GP LLC |
35. | Javelin Palo Verde Aggregator L.P. |
36. | Javelin Palo Verde GP LLC |
37. | Javelin Palo Verde LP |
38. | Bridge Energy Holdings LLC |
39. | Bridge Energy LLC |
40. | Javelin Marketing, LLC |
41. | IE L Merger Sub LLC |
42. | Contango Resources, LLC |
43. | Contango Midstream Company, LLC |
44. | Contaro Company, LLC |
45. | Contango Alta Investments, LLC |
46. | Contango AgentCo Onshore, Inc. |
47. | CMP Legacy Co. LLC |
48. | CMP Venture Co. LLC |
49. | Contango Crescent Renee LLC |
50. | Contango Crescent VentureCo I LLC |
51. | Crescent Conventional LLC |
52. | FourPass Energy LLC |
53. | Javelin Uinta, LLC |
54. | Javelin VentureCo, LLC |
55. | Madden AgentCo Inc. |
56. | Madden AssetCo LLC |