---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-032094"
form_type: "8-K"
ticker: "HPK"
cik: "0001792849"
company_name: "HighPeak Energy, Inc."
filed_at: "2026-10-06T10:15:13+00:00"
generated_at: "2026-10-12T16:37:44.268352+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# HighPeak raises $450M preferred, refinances $1.17B term loan with $800M credit facility

## Summary
- Issues 450,000 shares of new Series A 6.0% Perpetual Convertible Preferred at $1,000/share for ~$450M gross; initial conversion price $9.50/share.
- PT Danantara Energy International buys 250,000 shares; PT Tunas Harapan Perkasa, a unit of PT Energi Mega Persada Tbk (IDX: ENRG), buys 200,000.
- Proceeds, initial RBL borrowings and cash will repay HighPeak's existing $1.17B term loan in full; deal expected to close in Q4 2026.
- Preferred dividend: 6.0% cash or 7.5% PIK through year 2, 7.5% cash or 9.0% PIK through year 5, then 10.0%; redeemable after year 3 at 10% IRR.
- DIM and EMP each nominate one HighPeak director; two-year standstill and transfer limits; mandatory conversion after year 3 if stock exceeds 150% of $9.50 for 30 of 40 days.

## SEC filing metadata
- accession: 0001437749-26-032094
- form_type: 8-K
- ticker: HPK
- cik: 0001792849
- company_name: HighPeak Energy, Inc.
- filed_at: 2026-10-06T10:15:13+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1792849/000143774926032094/0001437749-26-032094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1792849/000143774926032094/hpe20261005c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-032094
- JSON: https://secwatch.observer/filing/0001437749-26-032094.json
- Plain text: https://secwatch.observer/filing/0001437749-26-032094.txt

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