{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-067492","form_type":"8-K","ticker":"FTW","cik":"0002083125","company_name":"PRESIDIO PRODUCTION Co","filed_at":"2026-06-11T00:31:36+00:00","discovered_at":"2026-06-11T10:05:00.277028+00:00","generated_at":"2026-06-11T10:06:26.638772+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Presidio closes $350M ABS refinancing; coupon cut 184 bps to 6.38%","bullets":["Issued $175M Class A-1 at 5.902% and $175M Class A-2 at 6.717%, due 2041.","Weighted-average coupon reduced from 8.22% to 6.38%, saving 184 bps.","Proceeds used: $263M to retire existing ABS, $37M to reduce RBL, $35M for hedges.","RBL facility remains undrawn with $65M borrowing base after paydown.","ARD structure lowers early-year amortization; ABS redeemable at 102% within year 1."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-067492","json":"https://secwatch.observer/filing/0001213900-26-067492.json","markdown":"https://secwatch.observer/filing/0001213900-26-067492.md","text":"https://secwatch.observer/filing/0001213900-26-067492.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2083125/000121390026067492/0001213900-26-067492-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2083125/000121390026067492/ea0294168-8k_presidio.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T10:06:26.638772+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"287bbbba4131a71fe05248e96586feb820ef3b5a","claim":"PRESIDIO PRODUCTION Co incurred senior notes of $350 million in aggregate principal amount with UMB Bank, N.A., as Indenture Trustee at 5.902% Class A-1 Notes and 6.717% Class A-2 Notes maturing Class A-1 Notes due 2041; final scheduled payment date August 2033; Class A-2 Notes due 2041; final scheduled payment date February 2035.","evidence_excerpt":"On June 9, 2026, Presidio Finance LLC (the \"Issuer\"), a limited-purpose, bankruptcy-remote, wholly-owned indirect subsidiary of Presidio Production Company (the \"Company\"), issued in a private offering (the \"Offering\") $350 million in aggregate principal amount of fixed-rate asset-backed securities, consisting of $175 million aggregate principal amount of 5.902% Class A-1 Notes due 2041 and $175 million in principal amount of 6.717% Class A-2 Notes due 2041 (collectively, the \"ABS III Notes\") pursuant to Section 4(a)(2) under the Securities Act of 1933, as amended (the \"Securities Act\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/2083125/000121390026067492/0001213900-26-067492-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$350 million in aggregate principal amount"},{"label":"Counterparty","value":"UMB Bank, N.A., as Indenture Trustee"},{"label":"Rate","value":"5.902% Class A-1 Notes and 6.717% Class A-2 Notes"},{"label":"Maturity","value":"Class A-1 Notes due 2041; final scheduled payment date August 2033; Class A-2 Notes due 2041; final scheduled payment date February 2035"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"6fdf69bf52a76a5913a39d21cae387bc2e185bd4","claim":"PRESIDIO PRODUCTION Co entered into Second Amended and Restated Indenture with UMB Bank, N.A., as Indenture Trustee valued at $350 million (effective 2026-06-09).","evidence_excerpt":"On June 9, 2026, Presidio Finance LLC (the “Issuer”), a limited-purpose, bankruptcy-remote, wholly-owned indirect subsidiary of Presidio Production Company (the “Company”), issued in a private offering (the “Offering”) $350 million in aggregate principal amount of fixed-rate asset-backed securities, consisting of $175 million aggregate principal amount of 5.902% Class A-1 Notes due 2041 and $175 million in principal amount of 6.717% Class A-2 Notes due 2041 (collectively, the “ABS III Notes”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2083125/000121390026067492/0001213900-26-067492-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"UMB Bank, N.A., as Indenture Trustee"},{"label":"Value","value":"$350 million"},{"label":"Effective","value":"2026-06-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}