Phoenix Energy One, LLC - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Phoenix Energy One, LLC (the "Company") on June 2, 2026, covering events occurring on June 1, 2026. The Company is a Delaware limited liability company with its principal executive offices in Irvine, California. Its Series A Cumulative Redeemable Preferred Shares trade on the NYSE American under the symbol PHXE.P.
Key Financial Metrics
The filing does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt balances, or liquidity ratios. The report focuses exclusively on a corporate action regarding a material definitive agreement.
Material Changes
On June 1, 2026, the Company, along with Phoenix Operating LLC and other relevant parties, entered into Limited Waiver and Amendment No. 9 to its Amended and Restated Senior Secured Credit Agreement (originally dated August 12, 2024). The primary material change effected by this amendment is the permission for the Company to issue certain junior lien notes, subject to the conditions and limitations outlined in the Credit Agreement.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook for future periods. No specific risks or contingencies are detailed in the text of this report, other than the standard reference to the conditions and limitations within the Credit Agreement governing the issuance of junior lien notes. The full text of Amendment No. 9 is incorporated by reference as Exhibit 10.1.
Key Facts for Investor Verification
- Verify the specific conditions and limitations for issuing junior lien notes by reviewing Exhibit 10.1 (Amendment No. 9) attached to this filing.
- Confirm the impact of the new junior lien notes on the Company's existing capital structure and senior secured debt obligations.
- Check subsequent filings for any actual issuance of junior lien notes following this amendment.
- Note that this filing does not contain updated financial statements or liquidity data.