Crown Point subsidiary issues $30M (U.S.) of notes

Executive Summary

• Crown Point Energy Inc.'s Argentinian subsidiary, Crown Point Energia S.A. (CPE), has issued $30.0 million (U.S.) principal amount of Series IX secured fixed-rate notes.
• The issuance consists of $24.6 million raised via cash consideration and $5.4 million issued through the exchange and cancellation of existing Series V notes.
• The notes carry a 10.75% fixed interest rate, are secured by a pledge on crude oil sales collections from specific concessions, and will be repaid in 10 equal installments between October 2026 and January 2029.

Key Details

• Total Principal Amount: $30,000,000 (U.S.)
• Cash Component: $24,597,000 (U.S.) principal amount issued for cash consideration, payable in Argentinian pesos.
• Exchange Component: $5,403,000 (U.S.) principal amount issued in exchange for the surrender and cancellation of $5,403,000 (U.S.) principal amount of Series V notes at a 1:1 exchange ratio.
• Interest Rate: Fixed rate of 10.75% per annum.
• Payment Frequency: Payable every three months in arrears from the issue date.
• Repayment Schedule: Repaid in 10 equal installments starting October 30, 2026, with the final installment payable on January 30, 2029.
• Security/Collateral: Guaranteed with a pledge on crude oil sales collections from the El Tordillo, Puesto Quiroga, and La Tapera concessions.
• Use of Proceeds: General corporate purposes and investments in the development of assets in Argentina.
• Regulatory Framework: Issued pursuant to CPE's negotiable obligations issuance global program for up to $300 million (U.S.), based on a base prospectus dated June 18, 2025 (amended Nov 4, 2025) and a prospectus supplement dated Jan 23, 2026.
• Post-Issuance Note Outstanding:
  • Series V: $1,780,058 (U.S.)
  • Series VI: $22,000,000 (U.S.)
  • Series VII: $25,000,000 (U.S.)
  • Series IX: $30,000,000 (U.S.)