Phoenix Energy One, LLC (PHXE-P) Form 424B3 — Oct 23, 2026
Phoenix Energy One, LLC filed this 424B3 prospectus supplement to update its unsecured and secured notes prospectuses with details of Amendment No. 11 to its senior secured credit agreement, effective October 21, 2026, with Fortress Credit Corp. as agent. Amendment No.
Key figures
- Abr floor
- 4.00%
- Abr margin
- 6.00%
- Plan wells
- 38
- Sofr floor
- 3.00%
- Sofr margin
- 7.00%
- Apod irr threshold
- 25%
- Covenant waiver period
- April 30, 2026 through December 31, 2026
- Plan net revenue interest
- 80% of Elected Working Interest
- Flex notes max all in yield
- 10.0%
- Amendment no 11 effective date
- October 21, 2026
- Current ratio covenant minimum
- 0.90 to 1.00
- Flex notes max stated interest
- 8.5% per annum
- Initial delayed draw commitments
- 35000000
- Plan participant initial payment
- 3.0% of Commitment
- Amendment no 4 term loan commitments
- 25000000
- Amendment no 7 term loan commitments
- 50000000
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