Phoenix Energy One, LLC (PHXE-P) Form 8-K — Oct 22, 2026
$PHXE-PForm 8-KItems 1.01, 5.02, 9.01Filed Oct 22, 2026, 4:15 PM ET0001193125-26-428937Original filing
Phoenix Energy One entered Amendment No. 11 to its Amended and Restated Senior Secured Credit Agreement with Fortress Credit Corp. as agent on October 21, 2026. The amendment provides a limited waiver of a Specified Default tied to the Current Ratio covenant, which required a ratio of at least 0.90 to 1.00 for each calendar month from April 30, 2026 through December 31, 2026.
Key figures
- Sofr floor
- 3.00%
- Waiver period
- April 30, 2026 through December 31, 2026
- Amendment number
- 11
- Wellbore plan wells
- 38
- Applicable margin sofr
- 7.00%
- Current ratio covenant minimum
- 0.9
- Amendment no 4 term loan commitment
- $25,000,000
- Amendment no 7 term loan commitment
- $50,000,000
- Plan initial payment pct of commitment
- 3
- Net revenue interest pct of elected working interest
- 80
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