Phoenix Energy One secures $50M Tranche G loan, gets covenant waiver, caps preferred redemptions

Phoenix Energy One, LLC

Entered Amendment No. 7 to credit agreement, establishing $350M Tranche G commitments; $50M funded immediately, $300M delayed draw.
Obtained waiver of Current Ratio covenant (min 0.80) for Sept 30, 2025, to cure Specified Default.
Series A Preferred redemptions capped at $5M per quarter, with possible reduction from refinancing transactions.
Proceeds to finance development of oil and gas properties per approved plan.

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