---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-251644"
form_type: "8-K"
ticker: "PHXE-P"
cik: "0001818643"
company_name: "Phoenix Energy One, LLC"
filed_at: "2025-10-27T23:59:59+00:00"
generated_at: "2026-05-17T02:12:46.685528+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-251644
- form_type: 8-K
- ticker: PHXE-P
- cik: 0001818643
- company_name: Phoenix Energy One, LLC
- filed_at: 2025-10-27T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818643/000119312525251644/0001193125-25-251644-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818643/000119312525251644/d69953d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-251644
- JSON: https://secwatch.observer/filing/0001193125-25-251644.json
- Plain text: https://secwatch.observer/filing/0001193125-25-251644.txt

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