secwatch.observer — SEC 8-K summary
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Issuer:     Phoenix Energy One, LLC (PHXE-P)
CIK:        0001818643
Form:       8-K
Filed at:   2026-07-08T20:18:47+00:00
Accession:  0001193125-26-298554
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818643/000119312526298554/0001193125-26-298554-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818643/000119312526298554/ck0001818643-20260707.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-298554

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