{"schema_version":"secwatch.filing_event.v1","accession":"0001831481-26-000092","form_type":"8-K","ticker":"SOC","cik":"0001831481","company_name":"Sable Offshore Corp.","filed_at":"2026-07-02T20:51:49+00:00","discovered_at":"2026-07-02T20:53:00.584848+00:00","generated_at":"2026-07-02T20:53:07.806279+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Sable Offshore raises $345M in convertible notes, $107M in stock, and $675M term loan to repay Exxon Mobil debt","bullets":["Issued $345M of 6.5% Convertible Senior Notes due 2031; initial conversion price ~$4.00 per share.","Concurrent common stock offering of 32.5M shares (plus over-allotment) raised ~$107M net.","Entered $675M Term Loan B at 15% interest and $500M revolver (initially $0 borrowing base).","Proceeds used to repay Senior Secured Term Loan with Exxon Mobil; Exxon affiliate holds $299.17M of Term Loan B.","New credit facilities mature Dec 2028; Term Loan B requires mandatory excess cash flow prepayments."],"urls":{"canonical":"https://secwatch.observer/filing/0001831481-26-000092","json":"https://secwatch.observer/filing/0001831481-26-000092.json","markdown":"https://secwatch.observer/filing/0001831481-26-000092.md","text":"https://secwatch.observer/filing/0001831481-26-000092.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1831481/000183148126000092/0001831481-26-000092-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1831481/000183148126000092/socc-20260630.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-02T20:53:07.806279+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"}