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

Contract Categories: Business Finance - Indenture Agreements
EX-4.4 2 d640910dex44.htm EX-4.4 EX-4.4

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 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 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