{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-050775","form_type":"8-K","ticker":"PROP","cik":"0001162896","company_name":"Prairie Operating Co.","filed_at":"2024-12-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:07.816453+00:00","generated_at":"2026-05-29T01:07:10.791224+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Prairie Operating signs $1.0B reserve-based credit facility; initial borrowing base $44M","bullets":["Credit facility with $1.0B maximum commitment; initial borrowing base $44M; $28M drawn, $7.2M available.","Facility matures Dec 16, 2026; covenants require net leverage ≤2.50x and current ratio ≥1.00x.","Amended subordinated note with entities controlled by director J. Gray extends maturity to Mar 17, 2027.","Interest margins range from 3.00%-4.00% for SOFR loans based on borrowing base utilization.","Must hedge at least 80% of proved developed producing reserves through Dec 31, 2028."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-050775","json":"https://secwatch.observer/filing/0001493152-24-050775.json","markdown":"https://secwatch.observer/filing/0001493152-24-050775.md","text":"https://secwatch.observer/filing/0001493152-24-050775.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1162896/000149315224050775/0001493152-24-050775-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1162896/000149315224050775/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T01:07:10.791224+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}