Phoenix Energy One updates senior credit agreement
Phoenix Energy One, LLC reported that it has entered into a Limited Waiver and Amendment No. 9 to its Amended and Restated Senior Secured Credit Agreement with Fortress Credit Corp. and other lenders.
Rhea-AI Filing Summary
Phoenix Energy One, LLC reported that it has entered into a Limited Waiver and Amendment No. 9 to its Amended and Restated Senior Secured Credit Agreement with Fortress Credit Corp. and other lenders. The amendment, effective June 1, 2026, allows the company to issue certain junior lien notes, subject to conditions and limitations set out in the existing credit agreement. This change adjusts the company’s financing flexibility within its secured debt structure but keeps the overall agreement framework in place.
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8-K Event Classification
2 items: 1.01, 9.01
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Credit Agreement date: August 12, 2024
Amendment No. 9 effective date: June 1, 2026
Exhibit 10.1: Amendment No. 9
3 metrics
Credit Agreement date
August 12, 2024
Date of Amended and Restated Senior Secured Credit Agreement
Amendment No. 9 effective date
June 1, 2026
Effective date of Limited Waiver and Amendment No. 9
Exhibit 10.1
Amendment No. 9
Limited Waiver and Amendment No. 9 filed as an exhibit
Key Terms
Amended and Restated Senior Secured Credit Agreement, Limited Waiver, junior lien notes, material definitive agreement, +1 more
5 terms
Amended and Restated Senior Secured Credit Agreement financial
"entered into that certain Amended and Restated Senior Secured Credit Agreement with Phoenix Operating LLC"
Limited Waiver financial
"entered into that certain Limited Waiver and Amendment No. 9 to Amended and Restated Senior Secured Credit Agreement"
junior lien notes financial
"Amendment No. 9, among other things, permits the Company to issue certain junior lien notes"
material definitive agreement regulatory
"Item 1.01 Entry into a Material Definitive Agreement"
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Phoenix Energy One (PHXE) disclose in this 8-K filing?
Phoenix Energy One disclosed it entered into a Limited Waiver and Amendment No. 9 to its Amended and Restated Senior Secured Credit Agreement, adjusting terms with Fortress Credit Corp. and other lenders and permitting issuance of certain junior lien notes under specified conditions.
What is Amendment No. 9 for Phoenix Energy One (PHXE)?
Amendment No. 9 is a Limited Waiver and amendment to Phoenix Energy One’s Amended and Restated Senior Secured Credit Agreement. It modifies the agreement to permit issuance of certain junior lien notes, subject to conditions and limitations described in the underlying credit agreement.
When did Phoenix Energy One’s Amendment No. 9 become effective?
The Limited Waiver and Amendment No. 9 became effective on June 1, 2026. This effective date governs when the revised terms, including permission to issue certain junior lien notes, apply under the existing Amended and Restated Senior Secured Credit Agreement.
Who are the key parties to Phoenix Energy One’s amended credit agreement?
Key parties include Phoenix Energy One, LLC, Phoenix Operating LLC as borrower, various lenders, and Fortress Credit Corp. as administrative agent. Guarantors and a specified additional guarantor also participate under the Amended and Restated Senior Secured Credit Agreement and Amendment No. 9.
What securities of Phoenix Energy One (PHXE) are listed on an exchange?
Phoenix Energy One has Series A Cumulative Redeemable Preferred Shares listed on the NYSE American LLC under the trading symbol PHXE.P. This class of preferred equity is registered under Section 12(b) of the Securities Exchange Act of 1934.
Where can investors find the full text of Phoenix Energy One’s Amendment No. 9?
The full text of Amendment No. 9 is filed as Exhibit 10.1 to the current report. The company notes that certain annexes, schedules, and exhibits are omitted but can be furnished to the U.S. Securities and Exchange Commission upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
