Phoenix Energy One, LLC 8K

Phoenix Energy One, LLC and Phoenix Operating LLC amended their senior secured credit agreement to add $75 million of new delayed draw term loan commitments, admit new Fortress-affiliated lenders, and modify covenants including required commodity hedging, effective upon satisfaction of specified closing conditions on or after August 12, 2026.

On August 12, 2026, Phoenix Energy One, LLC (formerly Phoenix Capital Group Holdings, LLC) and its subsidiary borrower Phoenix Operating LLC entered into Amendment No. 10 to their Amended and Restated Senior Secured Credit Agreement with Fortress Credit Corp. and a syndicate of existing and new lenders, which, among other changes, establishes $75,000,000 in Amendment No. 7 Discretionary Delayed Draw Term Loan Commitments to be funded in a single draw on the Amendment No. 10 Effective Date, adds multiple Fortress-managed vehicles as new lenders, amends certain provisions and exhibits (including the compliance certificate), clarifies that specified prior amendment provisions are null and void, and imposes detailed conditions precedent and post-closing hedging requirements obligating the company to enter into commodity price Swap Agreements covering specified volumes of crude oil production and work-in-progress wells.

Filing Facts

CIK

1818643

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-354088

Alert Tier

7