secwatch.observer — SEC 8-K summary
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Issuer:     CIVITAS RESOURCES, INC. (—)
CIK:        0001509589
Form:       8-K
Filed at:   2025-06-03T23:59:59+00:00
Accession:  0001104659-25-055975
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Civitas Resources issues $750M of 9.625% Senior Notes due 2033 to repay credit facility
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1509589/000110465925055975/0001104659-25-055975-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1509589/000110465925055975/tm2516904d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-055975

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