---
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"
generated_at: "2026-06-11T10:06:26.638772+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Presidio closes $350M ABS refinancing; coupon cut 184 bps to 6.38%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-067492
- JSON: https://secwatch.observer/filing/0001213900-26-067492.json
- Plain text: https://secwatch.observer/filing/0001213900-26-067492.txt

## Key facts
- Debt Financings
  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.
  - Instrument: senior notes
  - Principal: $350 million in aggregate principal amount
  - Counterparty: UMB Bank, N.A., as Indenture Trustee
  - Rate: 5.902% Class A-1 Notes and 6.717% Class A-2 Notes
  - Maturity: Class A-1 Notes due 2041; final scheduled payment date August 2033; Class A-2 Notes due 2041; final scheduled payment date February 2035
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/2083125/000121390026067492/0001213900-26-067492-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: UMB Bank, N.A., as Indenture Trustee
  - Value: $350 million
  - Effective: 2026-06-09
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/2083125/000121390026067492/0001213900-26-067492-index.htm

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