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AI brief of an SEC Form 8-K · Phoenix Energy One, LLC (PHXE-P)

Phoenix Energy One draws $75 million in term loans under amended credit agreement

Neutral Impact 3 of 5 financing Written later

Phoenix Energy One, LLC and its subsidiary Phoenix Operating LLC entered into Amendment No. 10 to their senior secured credit agreement on August 12, 2026. The $75 million in Amendment No. 7 discretionary delayed draw term loan commitments was fully drawn on that date, and the discretionary amount available from time to time was reduced from $225 million to $150 million. The loans will fund oil and gas development, and the filing adds debt to the company's obligations.

Key points

  • $75 million in Amendment No. 7 discretionary delayed draw term loan commitments was fully drawn as of August 12, 2026, subject to 3.00% original issue discount
  • Discretionary availability under Amendment No. 7 reduced from $225 million to $150 million
  • Proceeds will finance oil and gas development under the approved plan of development
  • Repayment premium changed to a MOIC of 1.15 for certain loan groups and 1.18 for other loan groups

The filing

CompanyPhoenix Energy One, LLC (PHXE-P)
Form8-K, current report
Filed with the SECAug 17, 2026, 4:16 PM ET
Accession number0001193125-26-354088

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 17, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.