Sable Offshore extends Senior Secured Term Loan maturity to July 24, 2026; pays $30M amendment fee

Sable Offshore Corp.

Amendment extends maturity to earlier of July 24, 2026 or acceleration event; waives P&A Financial Security until Dec 22, 2028.
Company pays Exxon $30 million amendment fee on June 22, 2026.
Minimum liquidity covenant of $25M suspended until new maturity date.
Proposed new Senior Secured Term Loan reduced to up to $775M; company plans additional unsecured capital markets solutions.
No assurance of successful refinancing; closing subject to market conditions and definitive documents.

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sable Offshore Corp. amended Amendment with Exxon Mobil Corporation valued at $30.0 million (effective 2026-06-22).

Action: amendment
Agreement: credit facility
Counterparty: Exxon Mobil Corporation
Value: $30.0 million
Effective: 2026-06-22

Exact text from the filing

On June 22, 2026, Sable Offshore Corp. (the “Company”) announced that the Company and Exxon Mobil Corporation (“Exxon”) entered into an amendment (the “Amendment”) to the Senior Secured Term Loan Agreement (the “Senior Secured Term Loan”) to, among other things, extend the Maturity Date

View on SEC.gov

627 material agreements filed in the last 30 days. Browse all material agreements →

Sable Offshore Corp. filing history →

Source: SEC EDGAR

accession 0001831481-26-000076

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.