---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-109865"
form_type: "8-K"
ticker: null
cik: "0001509589"
company_name: "CIVITAS RESOURCES, INC."
filed_at: "2023-10-18T23:59:59+00:00"
generated_at: "2026-06-09T21:48:43.602667+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Civitas Resources issues $1B of 8.625% senior notes due 2030 to fund Vencer Energy acquisition

## Summary
- $1,000,000,000 of 8.625% Senior Notes due 2030 issued; interest payable semi-annually, maturity Nov 1, 2030.
- Net proceeds to fund a portion of the cash purchase price for pending acquisition of Midland Basin assets from Vencer Energy LLC.
- Special mandatory redemption at 100% if acquisition not consummated by Jan 31, 2024, or if company abandons it.
- Notes are senior unsecured, guaranteed by all existing subsidiaries; include make-whole redemption until Nov 1, 2026, then declining premiums.
- Proceeds may temporarily repay credit facility borrowings pending acquisition closing.

## SEC filing metadata
- accession: 0001104659-23-109865
- form_type: 8-K
- cik: 0001509589
- company_name: CIVITAS RESOURCES, INC.
- filed_at: 2023-10-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1509589/000110465923109865/0001104659-23-109865-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1509589/000110465923109865/tm2320652d13_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-109865
- JSON: https://secwatch.observer/filing/0001104659-23-109865.json
- Plain text: https://secwatch.observer/filing/0001104659-23-109865.txt

## Key facts
- Debt Financings
  CIVITAS RESOURCES, INC. incurred senior notes of $1,000,000,000 aggregate principal amount at 8.625% per annum maturing November 1, 2030.
  - Instrument: senior notes
  - Principal: $1,000,000,000 aggregate principal amount
  - Rate: 8.625% per annum
  - Maturity: November 1, 2030
  - Event: incurrence
  source text: completed its previously announced offering (the “Offering”) of $1,000,000,000 aggregate principal amount of 8.625% Senior Notes due 2030
  evidence_url: https://www.sec.gov/Archives/edgar/data/1509589/000110465923109865/0001104659-23-109865-index.htm
- Material Agreements
  CIVITAS RESOURCES, INC. entered into Indenture and 8.625% Senior Notes due 2030 with Computershare Trust Company, N.A. valued at $1,000,000,000 aggregate principal amount of 8.625% Senior Notes due 2030 (effective 2023-10-17).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Computershare Trust Company, N.A.
  - Value: $1,000,000,000 aggregate principal amount of 8.625% Senior Notes due 2030
  - Effective: 2023-10-17
  source text: Item 1.01 Entry into a Material Definitive Agreement. Indenture and 8.625% Senior Notes due 2030 On October 17, 2023, Civitas Resources, Inc. (the “Company”), completed its previously announced offering (the “Offering”) of $1,000,000,000 aggregate principal amount of 8.625% Senior Notes due 2030 (the “Notes”). The Company expects to use the net proceeds from the Offering, together with cash on hand, to fund a portion of the cash purchase price for the recently announced pending acquisition of certain oil and gas properties, interests and related assets located in the Midland Basin from Vencer Energy, LLC (such acquisition, the “Acquisition”). Pending the potential use of the net proceeds of the Offering to fund a portion of the consideration for the Acquisition, the Company may temporarily apply the net proceeds to repay outstanding borrowings under the Company’s credit facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1509589/000110465923109865/0001104659-23-109865-index.htm

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