secwatch.observer — SEC 8-K summary
======================================

Issuer:     EARTHSTONE ENERGY INC (—)
CIK:        0000010254
Form:       8-K
Filed at:   2023-06-30T23:59:59+00:00
Accession:  0000010254-23-000134
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/10254/000001025423000134/0000010254-23-000134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/10254/000001025423000134/este-20230627.htm
  HTML page:      https://secwatch.observer/filing/0000010254-23-000134

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer