secwatch.observer — SEC 8-K summary
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Issuer:     Sitio Royalties Corp. (—)
CIK:        0001949543
Form:       8-K
Filed at:   2023-10-04T23:59:59+00:00
Accession:  0001193125-23-250800
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1949543/000119312523250800/0001193125-23-250800-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1949543/000119312523250800/d532083d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-250800

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