# Phoenix Energy One, LLC (PHXE-P) — capital_raise [completed]
Source: SEC API (secapi.ai) · situation sit_9f81449ff8c5ffd54f57 · retrieved 2026-08-11T16:13:53.400Z

## Overview
Phoenix Energy One, LLC is a crude petroleum and natural gas company that operates oil and gas properties secured by mortgages on certain of its assets.

On July 7, 2026, Phoenix Energy One, LLC entered into an indenture with Odyssey Transfer and Trust Company to issue up to $100,000,000 in aggregate principal amount of Senior Subordinated Junior Lien Notes. The Notes will mature 10 years from initial issuance and bear interest at rates ranging from 6.00% to 7.00% per annum, depending on the applicable redemption interval (three, six, nine, twelve, or eighteen months). The Notes will be secured on a junior basis by mortgages on certain of the Company's properties, subordinated to the Fortress Credit Agreement and other senior-priority secured indebtedness. Holders may request redemption on Set Put Dates at 100% of principal plus accrued interest, or may request redemption at any time at 95% of principal plus accrued interest (subject to a 10% annual limit). The offering is registered on Form S-1 (File No. 333-296428), declared effective July 7, 2026, on a continuous basis.

## Terms
- Counterparty: Odyssey Transfer and Trust Company · Deal value: $100.0M

## Key dates
- Completed 2026-07-08

## Timeline
- 2026-07-08 · 8-K (0001193125-26-298554): Phoenix Energy One issues $100M senior subordinated junior lien notes; 10-year maturity, 6-7% interest — *Phoenix Energy One, LLC is a crude petroleum and natural gas company that operates oil and gas properties secured by mortgages on certain of its assets.* On July 7, 2026, Phoenix Energy One, LLC entered into an indenture with Odyssey Transfer and Trust Company to issue up to $100,000,000 in aggregate principal amount of Senior Subordinated Junior Lien Notes. The Notes will mature 10 years from initial issuance and bear interest at rates ranging from 6.00% to 7.00% per annum, depending on the applicable redemption interval (three, six, nine, twelve, or eighteen months). The Notes will be secured on a junior basis by mortgages on certain of the Company's properties, subordinated to the Fortress Credit Agreement and other senior-priority secured indebtedness. Holders may request redemption on Set Put Dates at 100% of principal plus accrued interest, or may request redemption at any time at 95% of principal plus accrued interest (subject to a 10% annual limit). The offering is registered on Form S-1 (File No. 333-296428), declared effective July 7, 2026, on a continuous basis.
  https://www.sec.gov/Archives/edgar/data/1818643/0001193125-26-298554.txt

## Citations
- 0001193125-26-298554 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526298554