---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-298554"
form_type: "8-K"
ticker: "PHXE-P"
cik: "0001818643"
company_name: "Phoenix Energy One, LLC"
filed_at: "2026-07-08T20:18:47+00:00"
generated_at: "2026-07-08T20:20:04.510533+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Phoenix Energy One issues up to $100M in senior subordinated notes at 6%-7% interest

## Summary
- Notes mature 10 years from issuance; interest payable monthly in cash or compounded.
- Notes are junior to Fortress Credit Corp. senior secured debt under existing credit agreement.
- Junior Lien Intercreditor Agreement with Fortress governs lien priority on shared collateral.
- Holders can request redemption at set put dates; company may redeem at any time at par plus accrued interest.
- Covenants include maintaining a loan-to-value ratio of 1.00 to 1.00 and restrictions on asset sales.

## SEC filing metadata
- accession: 0001193125-26-298554
- form_type: 8-K
- ticker: PHXE-P
- cik: 0001818643
- company_name: Phoenix Energy One, LLC
- filed_at: 2026-07-08T20:18:47+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818643/000119312526298554/0001193125-26-298554-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818643/000119312526298554/ck0001818643-20260707.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-298554
- JSON: https://secwatch.observer/filing/0001193125-26-298554.json
- Plain text: https://secwatch.observer/filing/0001193125-26-298554.txt

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