{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-076340","form_type":"8-K","ticker":null,"cik":"0001509589","company_name":"CIVITAS RESOURCES, INC.","filed_at":"2023-06-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.162274+00:00","generated_at":"2026-06-13T14:50:24.139371+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Civitas issues $2.7B in 8.375% and 8.75% senior notes to fund Hibernia/Tap Rock acquisitions","bullets":["Issued $1.35B of 8.375% Senior Notes due 2028 and $1.35B of 8.750% Senior Notes due 2031, total $2.7B.","Net proceeds, plus cash on hand and credit facility borrowings, will fund Hibernia Energy III and Tap Rock Resources acquisitions.","Notes subject to special mandatory redemption if acquisitions not closed by Oct 31, 2023: up to $850M for Hibernia, $600M for Tap Rock, or 100% if neither closes.","Interest payable semi-annually; first payment Jan 1, 2024. Notes guaranteed by all existing and future subsidiary guarantors.","Notes priced with make-whole call provisions; 35% can be redeemed with equity offering proceeds at 108.375%/108.750% of par."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-076340","json":"https://secwatch.observer/filing/0001104659-23-076340.json","markdown":"https://secwatch.observer/filing/0001104659-23-076340.md","text":"https://secwatch.observer/filing/0001104659-23-076340.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1509589/000110465923076340/0001104659-23-076340-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1509589/000110465923076340/tm2320046d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T14:50:24.139371+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":"fdb77f454f5fc85925731447f93bf8490a5c9db6","claim":"CIVITAS RESOURCES, INC. incurred senior notes of $1,350,000,000 aggregate principal amount of 8.375% Senior Notes due 2028 and $1,350,000,000 aggregate principal amount with Computershare Trust Company, N.A. at 8.375% per annum for the 2028 Notes and 8.750% per annum for the 2031 Notes maturing July 1, 2028 for the 2028 Notes and July 1, 2031 for the 2031 Notes.","evidence_excerpt":"On June 29, 2023, Civitas Resources, Inc. (the “Company”), completed its previously announced offering (the “Offering”) of $1,350,000,000 aggregate principal amount of 8.375% Senior Notes due 2028 (the “2028 Notes”) and $1,350,000,000 aggregate principal amount of 8.750% Senior Notes due 2031 (the “2031 Notes” and, together with the 2028 Notes, the “Notes”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1509589/000110465923076340/0001104659-23-076340-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$1,350,000,000 aggregate principal amount of 8.375% Senior Notes due 2028 and $1,350,000,000 aggregate principal amount"},{"label":"Counterparty","value":"Computershare Trust Company, N.A."},{"label":"Rate","value":"8.375% per annum for the 2028 Notes and 8.750% per annum for the 2031 Notes"},{"label":"Maturity","value":"July 1, 2028 for the 2028 Notes and July 1, 2031 for the 2031 Notes"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"0ece3113085395ef181a3aed20cb4013321a9ee3","claim":"CIVITAS RESOURCES, INC. entered into 8.750% Senior Notes due 2031 Indenture with Computershare Trust Company, N.A. valued at Aggregate principal amount of $1,350,000,000 of 8.750% Senior Notes due 2031 (effective 2023-06-29).","evidence_excerpt":"The 2031 Notes were issued by the Company pursuant to an indenture, dated June 29, 2023 (the “2031 Notes Indenture” and, together with the 2028 Notes Indenture, the “Indentures”), among the Company, the guarantors party thereto, and the Trustee.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1509589/000110465923076340/0001104659-23-076340-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Computershare Trust Company, N.A."},{"label":"Value","value":"Aggregate principal amount of $1,350,000,000 of 8.750% Senior Notes due 2031"},{"label":"Effective","value":"2023-06-29"}],"fact_type":"material_agreement"},{"claim_id":"230b42416e3dae2df47d822c164243c7777a9daa","claim":"CIVITAS RESOURCES, INC. entered into 8.375% Senior Notes due 2028 Indenture with Computershare Trust Company, N.A. valued at Aggregate principal amount of $1,350,000,000 of 8.375% Senior Notes due 2028 (effective 2023-06-29).","evidence_excerpt":"On June 29, 2023, Civitas Resources, Inc. (the “Company”), completed its previously announced offering (the “Offering”) of $1,350,000,000 aggregate principal amount of 8.375% Senior Notes due 2028 (the “2028 Notes”) and $1,350,000,000 aggregate principal amount of 8.750% Senior Notes due 2031 (the “2031 Notes” and, together with the 2028 Notes, the “Notes”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1509589/000110465923076340/0001104659-23-076340-index.htm","confidence":0.98,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Computershare Trust Company, N.A."},{"label":"Value","value":"Aggregate principal amount of $1,350,000,000 of 8.375% Senior Notes due 2028"},{"label":"Effective","value":"2023-06-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}