debt
confidence high
sentiment neutral
materiality 0.50
Phoenix Energy One draws $75M under credit facility, amends repayment premium
Phoenix Energy One, LLC
- On Aug 12, 2026, entered Amendment No. 10 to senior secured credit agreement, establishing $75M in delayed draw term loan commitments, fully drawn.
- Discretionary availability reduced from $225M to $150M; new commitments carry 3% original issue discount.
- Repayment premium amended: MOIC of 1.15 for certain loans, 1.18 for others, on full repayment.
- Proceeds to finance development of oil and gas properties per approved plan.