---
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"
generated_at: "2026-06-13T13:36:36.532436+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Earthstone Energy subsidiary issues $500M of 9.875% senior notes due 2031 to fund Novo acquisition

## Summary
- $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.

## SEC filing metadata
- accession: 0000010254-23-000134
- form_type: 8-K
- cik: 0000010254
- company_name: EARTHSTONE ENERGY INC
- filed_at: 2023-06-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000010254-23-000134
- JSON: https://secwatch.observer/filing/0000010254-23-000134.json
- Plain text: https://secwatch.observer/filing/0000010254-23-000134.txt

## Key facts
- Debt Financings
  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.
  - Instrument: senior notes
  - Principal: $500.0 million aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 9.875% per annum
  - Maturity: July 15, 2031
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/10254/000001025423000134/0000010254-23-000134-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association, as trustee
  - Value: $500.0 million aggregate principal amount of EEH's 9.875% senior notes due 2031
  - Effective: 2023-06-30
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/10254/000001025423000134/0000010254-23-000134-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Wells Fargo Securities, LLC, as representative of the several initial purchasers
  - Value: $500.0 million aggregate principal amount of EEH's 9.875% senior notes due 2031
  - Effective: 2023-06-27
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/10254/000001025423000134/0000010254-23-000134-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.