{"schema_version":"secwatch.filing_event.v1","accession":"0000010254-23-000134","form_type":"8-K","ticker":null,"cik":"0000010254","company_name":"EARTHSTONE ENERGY INC","filed_at":"2023-06-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.649173+00:00","generated_at":"2026-06-13T13:36:36.532436+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Earthstone Energy subsidiary issues $500M of 9.875% senior notes due 2031 to fund Novo acquisition","bullets":["$500M aggregate principal of 9.875% senior notes due 2031 issued by Earthstone Energy Holdings, LLC.","Notes issued at 97.968% of par; net proceeds ~$482.3M after underwriting discounts.","Proceeds will fund a portion of the purchase price for the Novo Oil & Gas Holdings acquisition.","Special mandatory redemption if Novo acquisition not closed by August 28, 2023.","Notes guaranteed by parent Earthstone Energy and certain subsidiaries; rank equally with existing unsecured debt."],"urls":{"canonical":"https://secwatch.observer/filing/0000010254-23-000134","json":"https://secwatch.observer/filing/0000010254-23-000134.json","markdown":"https://secwatch.observer/filing/0000010254-23-000134.md","text":"https://secwatch.observer/filing/0000010254-23-000134.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/10254/000001025423000134/0000010254-23-000134-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/10254/000001025423000134/este-20230627.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T13:36:36.532436+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f2f75d0ae498b37e74441cbbb5a14730ada807fd","claim":"EARTHSTONE ENERGY INC incurred senior notes of $500.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 9.875% per annum maturing July 15, 2031.","evidence_excerpt":"of the several initial purchasers named in Exhibit A thereto (together, the “Initial Purchasers”), providing for the private offer and sale by EEH (the “Offering”) of $500.0 million aggregate principal amount of EEH’s 9.875% senior notes due 2031 (the “Notes”), along with related guarantees (the “Guarantees”) of the Notes. The Purchase Agreement contains","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/10254/000001025423000134/0000010254-23-000134-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$500.0 million aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"9.875% per annum"},{"label":"Maturity","value":"July 15, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"2ccbb73b9885f6a4b8fb048a29e1b08c1f78d814","claim":"EARTHSTONE ENERGY INC entered into Indenture with U.S. Bank Trust Company, National Association, as trustee valued at $500.0 million aggregate principal amount of EEH's 9.875% senior notes due 2031 (effective 2023-06-30).","evidence_excerpt":"On June 30, 2023, in connection with the completion of the Offering, EEH entered into that certain indenture, dated as of June 30, 2023 (the “Indenture”), among EEH, the Guarantors and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/10254/000001025423000134/0000010254-23-000134-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association, as trustee"},{"label":"Value","value":"$500.0 million aggregate principal amount of EEH's 9.875% senior notes due 2031"},{"label":"Effective","value":"2023-06-30"}],"fact_type":"material_agreement"},{"claim_id":"832e4959ed21f066a0d921d9125a9f35f718efcf","claim":"EARTHSTONE ENERGY INC entered into Purchase Agreement with Wells Fargo Securities, LLC, as representative of the several initial purchasers valued at $500.0 million aggregate principal amount of EEH's 9.875% senior notes due 2031 (effective 2023-06-27).","evidence_excerpt":"entered into a purchase agreement (the “Purchase Agreement”) with Wells Fargo Securities, LLC, as representative of the several initial purchasers named in Exhibit A thereto (together, the “Initial Purchasers”), providing for the private offer and sale by EEH (the “Offering”) of $500.0 million aggregate principal amount of EEH’s 9.875% senior notes due 2031","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/10254/000001025423000134/0000010254-23-000134-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Wells Fargo Securities, LLC, as representative of the several initial purchasers"},{"label":"Value","value":"$500.0 million aggregate principal amount of EEH's 9.875% senior notes due 2031"},{"label":"Effective","value":"2023-06-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}