Phoenix Energy draws $75M under credit facility, reducing discretionary availability to $150M

Filed August 17, 2026 · ~1 min read

Key Changes

• high

  Phoenix Energy drew $75 million under its credit facility on August 12, 2026, subject to a 3.00% original issue discount (the company receives less than face value but owes the full principal). The draw reduces remaining discretionary borrowing capacity from $225 million to $150 million.

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• high

  The credit agreement now requires a repayment premium on any loan payoff (voluntary, accelerated, or at maturity) sufficient to deliver lenders a 1.15x multiple on invested capital for the August 2026 draw and certain other tranches, and 1.18x on other loan groups—meaning a 15% or 18% return on principal depending on the tranche.

  Risk Factors verify on EDGAR →
• medium

  The Total Amortization Amount base figure increased from $262.5 million to $300 million, raising the company's scheduled principal repayment obligations under the credit agreement.

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