Filed by SilverBow Resources, Inc.
(Commission No.: 001-8754)
Pursuant
to Rule 425 of the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
of the Securities Exchange Act of 1934
Subject Company: SilverBow Resources, Inc.
(Commission No.: 001-8754)
The following
press release was issued by SilverBow Resources, Inc. on July 29, 2024:
INVESTOR CONTACT:
ir@sbow.com
(281)
874-2700, (888) 991-SBOW
MEDIA CONTACT:
Adam Pollack / Jed Repko
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
SilverBow Resources Stockholders Approve Acquisition by Crescent Energy
Transaction Expected to Close on July 30, 2024
HOUSTON July 29, 2024 SilverBow Resources, Inc. (NYSE: SBOW) (SilverBow or the Company) today
announced that, at a special meeting of stockholders earlier today (the Special Meeting), its stockholders voted to approve the previously announced acquisition of SilverBow by Crescent Energy Company (Crescent) in a
transaction valued at $2.1 billion.
Sean Woolverton, SilverBows Chief Executive Officer, said, We appreciate the overwhelming support of
our stockholders for this exciting transaction with Crescent, which delivers an attractive premium to our stockholders and will create a premier Eagle Ford oil and gas organization. We look forward to closing the transaction and forming a scaled
company with a balanced and resilient asset portfolio, substantial free cash flow generation, an attractive, returns-driven financial framework and strong balance sheet.
Based on the preliminary vote count from todays Special Meeting, SilverBow stockholders voted to approve the transaction with 99% of the votes cast in
favor of the proposed transaction. SilverBow will file the final vote results for its Special Meeting on a Form 8-K with the U.S. Securities and Exchange Commission (SEC).
In a separate special meeting of Crescent stockholders held earlier today, Crescent stockholders voted to approve the issuance of Crescent Class A common
stock in connection with the transaction. The transaction remains subject to satisfaction of other customary closing conditions and is expected to close on July 30, 2024.
About SilverBow Resources
SilverBow Resources, Inc. is a
Houston-based energy company actively engaged in the exploration, development, and production of oil and gas in the Eagle Ford Shale and Austin Chalk in South Texas. With over 30 years of history operating in South Texas, SilverBow possesses a
significant understanding of regional reservoirs which it leverages to assemble high quality drilling inventory while continuously enhancing its operations to maximize returns on capital invested. For more information, please
visit www.sbow.com.