Phoenix Capital Group draws $75M in new term loans

What's the deal? Phoenix Energy OneDealroom has a profile for this one. Try Dealroom →, part of Phoenix Capital GroupDealroom has a profile for this one. Try Dealroom →, drew $75 million in new delayed-draw term loan commitments under its credit facility. The commitments were funded on August 12, 2026, according to a Form 8-K filed with the U.S. Securities and Exchange CommissionDealroom has a profile for this one. Try Dealroom →.

Where's the money going? Proceeds will finance the development of Phoenix's oil and gas properties under its approved plan of development.

What are the terms? The new loans carry the same interest rate and maturity as previously funded tranches and are subject to a 3% original issue discount. The amendment reduced remaining discretionary borrowing capacity from $225 million to $150 million.

The signal: The financing gives Phoenix additional capital for development while the amended repayment terms require a minimum 1.15x multiple on invested capital for the relevant term loans.

Read more: MiniChart · U.S. Securities and Exchange Commission

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