secwatch.observer — SEC 8-K summary
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Issuer:     Phoenix Energy One, LLC (PHXE-P)
CIK:        0001818643
Form:       8-K
Filed at:   2025-08-01T23:59:59+00:00
Accession:  0001193125-25-171788
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Phoenix Energy One amends credit agreement: $100M Tranche E, $6.5M contingent Tranche F loans
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- Tranche E Term Loans of $100M borrowed in full on Aug 1, 2025; OID of 8.92%; interest at SOFR + 7.10%.
- Tranche F Loan of $6.5M is contingent, due only upon payment default or bankruptcy filing.
- Repayment schedule revised: $200M of principal due Aug 31, 2027 (less prepayments), remainder on Maturity Date.
- Proceeds used to finance development of oil and gas properties per approved plan of development.
- Prior personal guaranties from Brynn Ferrari, Curtis Allen, Lindsey Wilson released; new guaranty from Adam Ferrari.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818643/000119312525171788/0001193125-25-171788-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818643/000119312525171788/d90360d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-171788

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