CIVITAS RESOURCES, INC.: debt financing — Civitas Resources issues $750M of 9.625% Senior Notes due 2033 to repay credit facility

CIVITAS RESOURCES, INC.

Principal amount $750M, interest rate 9.625% per annum, maturing June 15, 2033.
Interest payable semi-annually on June 15 and Dec 15, beginning Dec 15, 2025.
Net proceeds to repay outstanding borrowings under company's credit facility.
Notes are senior unsecured, fully and unconditionally guaranteed by existing subsidiaries.
Optional redemption at make-whole premium before June 2028, then at 104.813% declining to par.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CIVITAS RESOURCES, INC. incurred senior notes of $750,000,000 aggregate principal amount with Computershare Trust Company, N.A., as trustee at 9.625% per annum maturing June 15, 2033.

Instrument: senior notes
Principal: $750,000,000 aggregate principal amount
Counterparty: Computershare Trust Company, N.A., as trustee
Rate: 9.625% per annum
Maturity: June 15, 2033
Event: incurrence

Exact text from the filing

completed its previously announced offering (the “Offering”) of $750,000,000 aggregate principal amount of 9.625% Senior Notes due 2033 (the “Notes”).

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Source: SEC EDGAR

accession 0001104659-25-055975

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