---
schema_version: "secwatch.filing_event.v1"
accession: "0001831481-25-000092"
form_type: "8-K"
ticker: "SOC"
cik: "0001831481"
company_name: "Sable Offshore Corp."
filed_at: "2025-11-03T23:59:59+00:00"
generated_at: "2026-05-17T00:56:39.770111+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sable Offshore amends Exxon term loan to 15% PIK, requires $225M equity raise; targets Q4 2026 oil sales

## Summary
- Amendment extends maturity to March 2027 or 90 days after first hydrocarbon sales; interest rate rises from 10% to 15% PIK annually.
- Conditions include equity contributions of at least $225M net of fees and maintaining $25M unrestricted cash monthly.
- Sable pursuing OS&T vessel strategy; submitted plan to DOI Oct 9, expects vessel acquisition Q1 2026 and first oil sales Q4 2026.
- Board forms special committee to investigate Hunterbrook report allegations involving October 2025 audio recording.

## SEC filing metadata
- accession: 0001831481-25-000092
- form_type: 8-K
- ticker: SOC
- cik: 0001831481
- company_name: Sable Offshore Corp.
- filed_at: 2025-11-03T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831481/000183148125000092/0001831481-25-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831481/000183148125000092/socc-20251103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001831481-25-000092
- JSON: https://secwatch.observer/filing/0001831481-25-000092.json
- Plain text: https://secwatch.observer/filing/0001831481-25-000092.txt

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