---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-250800"
form_type: "8-K"
ticker: null
cik: "0001949543"
company_name: "Sitio Royalties Corp."
filed_at: "2023-10-04T23:59:59+00:00"
generated_at: "2026-06-10T05:03:10.379467+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sitio Royalties issues $600M of 7.875% senior notes due 2028, refinances existing debt

## Summary
- $600M aggregate principal of 7.875% senior notes due November 1, 2028 issued.
- Proceeds used to redeem all outstanding 2026 senior unsecured notes and repay revolver borrowings.
- Interest payable semi-annually on May 1 and Nov 1, commencing May 1, 2024.
- Notes are senior unsecured, guaranteed by Sitio OpCo's subsidiaries (excluding Finance Corp).
- Optional redemption at 107.875% (equity clawback up to 35%) or make-whole premium before Nov 2025.

## SEC filing metadata
- accession: 0001193125-23-250800
- form_type: 8-K
- cik: 0001949543
- company_name: Sitio Royalties Corp.
- filed_at: 2023-10-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1949543/000119312523250800/0001193125-23-250800-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1949543/000119312523250800/d532083d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-250800
- JSON: https://secwatch.observer/filing/0001193125-23-250800.json
- Plain text: https://secwatch.observer/filing/0001193125-23-250800.txt

## Key facts
- Debt Financings
  Sitio Royalties Corp. incurred senior notes of $600.0 million aggregate principal amount with Citibank, N.A., as trustee at 7.875% maturing November 1, 2028.
  - Instrument: senior notes
  - Principal: $600.0 million aggregate principal amount
  - Counterparty: Citibank, N.A., as trustee
  - Rate: 7.875%
  - Maturity: November 1, 2028
  - Event: incurrence
  source text: On October 3, 2023, Sitio Royalties Operating Partnership, LP, a Delaware limited partnership (“Sitio OpCo”) and subsidiary of Sitio Royalties Corp., a Delaware corporation (NYSE: STR) (the “Company”), and Sitio Finance Corp., a Delaware corporation (“Finance Corp.” and, together with Sitio OpCo, the “Issuers”) and subsidiary of Sitio OpCo, issued and sold (the “Notes Offering”) $600.0 million aggregate principal amount of their 7.875% Senior Notes due 2028 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1949543/000119312523250800/0001193125-23-250800-index.htm

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