Every 8-K that Phoenix Energy One, LLC (PHXE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow PHXE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PHXE filings page.
Phoenix Energy One, LLC entered into Amendment No. 10 to its Amended and Restated Senior Secured Credit Agreement with Fortress Credit Corp. and participating lenders. The amendment establishes $75 million in Amendment No. 7 Discretionary Delayed Draw Term Loan Commitments, all of which were funded on August 12, 2026.
As a result, the aggregate principal amount available on a discretionary basis under these delayed draw term loans decreased from $225 million to $150 million during the defined availability period. The new commitments carry an original issue discount of 3.00% and have the same interest and maturity terms as prior Amendment No. 7 loans. The amendment also revises the repayment premium so that any full repayment of the loans achieves a MOIC of 1.15 for specified Amendment No. 7 loans and the February and August 2026 delayed draw loans, and 1.18 for each other group of loans. Proceeds will be used to finance development of the company’s oil and gas properties under the approved development plan.
Phoenix Energy One, LLC entered into an indenture with Odyssey Transfer and Trust Company providing for the issuance of up to $100,000,000 of Senior Subordinated Junior Lien Notes. These notes are registered on an effective Form S-1 for continuous offering under Rule 415.
The Notes mature 10 years from initial issuance and bear interest between 6.00% and 7.00% per year, depending on three- to eighteen‑month intervals at which holders may request redemption on specified Set Put Dates. Investors can choose cash-pay monthly interest or daily compounding interest payable at redemption or maturity.
The Notes are secured on a junior lien basis and are contractually subordinated to Senior Debt, including the Fortress Credit Agreement. A Junior Lien Intercreditor Agreement gives Fortress, as first lien collateral agent, priority over shared collateral and exclusive remedies until first lien obligations are discharged. The indenture also requires a Loan‑to‑Value Ratio of 1.00 to 1.00 and sets payment and covenant default cure periods.
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.
Phoenix Energy One, LLC entered into Amendment No. 8 to its Amended and Restated Senior Secured Credit Agreement with Fortress Credit Corp. and other lenders. The amendment establishes $75 million in Amendment No. 7 discretionary delayed draw term loan commitments, all of which were drawn on the amendment’s effective date of February 12, 2026. This reduces the aggregate principal amount available on a discretionary basis during the Amendment No. 7 delayed draw term loan availability period from $300 million to $225 million and carries an original issue discount of 3.00%. The amendment also provides limited waivers to certain financial covenants, including the total secured leverage ratio, current ratio over a specified late‑2025 to early‑2026 period, and the asset coverage ratio as of December 31, 2025. Phoenix Energy One and Phoenix Operating LLC plan to use the new term loan commitments to finance development of their oil and gas properties under an approved development plan in the credit agreement.
Phoenix Energy One, LLC entered into new employment agreements with its Chief Executive Officer, Adam Ferrari, Chief Financial Officer, Curtis Allen, and Chief Business Officer, Lindsey Wilson, effective January 1, 2026. These agreements replace prior contracts that had been in place since January 2025.
Under the new agreements, Mr. Ferrari and Mr. Allen will continue to receive variable revenue-based compensation for fiscal year 2026, now set at 0.9% and 0.45% of assumed gross revenue, respectively, reduced from 1.1% and 0.55% under their prior agreements. Ms. Wilson’s compensation structure shifts from variable revenue-based compensation to a base salary of $575,000 for fiscal year 2026, which the Company may change upon notice. The non-executive members of the board of directors approved these new agreements in line with the Company’s governance policies.
Phoenix Energy One, LLC reported that it entered into a Transition and Separation Agreement with Brandon K. Allen following his resignation on November 3, 2025. Under this agreement, Mr. Allen will serve in a non-employee advisory role for one year from the separation date to help transition his former duties and responsibilities. In return for these services and his release of claims and other commitments, the Company will pay him $1,000,000 in substantially equal installments over the 12-month period following the separation date, following the normal payroll schedule.
The filing notes that, under pre-existing equity agreements, all Class A and Class B Units previously issued to Mr. Allen by Phoenix Equity Holdings, LLC were forfeited for no consideration on the separation date. The agreement also includes a general release of claims in favor of the Company and its affiliates, as well as non-disparagement, confidentiality, cooperation provisions, and reaffirmation of certain restrictive covenants.