---
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"
generated_at: "2026-07-02T20:53:07.806279+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Sable Offshore raises $345M in convertible notes, $107M in stock, and $675M term loan to repay Exxon Mobil debt

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001831481-26-000092
- JSON: https://secwatch.observer/filing/0001831481-26-000092.json
- Plain text: https://secwatch.observer/filing/0001831481-26-000092.txt

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