---
schema_version: "secwatch.filing_event.v1"
accession: "0001831481-25-000110"
form_type: "8-K/A"
ticker: "SOC"
cik: "0001831481"
company_name: "Sable Offshore Corp."
filed_at: "2025-11-25T23:59:59+00:00"
generated_at: "2026-05-16T17:01:00.257339+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sable Offshore secures debt amendment with Exxon; interest rate rises to 15%, maturity extended to 2027

## Summary
- Conditions satisfied: $250M common stock private placement on Nov 12, 2025; amendment effective Nov 24, 2025.
- Maturity extended to earlier of March 31, 2027 or 90 days after first hydrocarbon sales; interest rate raised from 10% to 15%.
- New liquidity covenant: minimum $25M unrestricted cash measured monthly; additional reporting requirements added.
- Amendment with Exxon Mobil as lender; existing guarantees from Pacific Offshore Pipeline and Pacific Pipeline reaffirmed.
- Company raised $250M equity to meet $225M minimum cash proceeds condition; PIK interest option available.

## SEC filing metadata
- accession: 0001831481-25-000110
- form_type: 8-K/A
- ticker: SOC
- cik: 0001831481
- company_name: Sable Offshore Corp.
- filed_at: 2025-11-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831481/000183148125000110/0001831481-25-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831481/000183148125000110/socc-20251103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001831481-25-000110
- JSON: https://secwatch.observer/filing/0001831481-25-000110.json
- Plain text: https://secwatch.observer/filing/0001831481-25-000110.txt

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