IPO - Phoenix Capital Group Holdings, LLC

Form Type: S-1/A

Filing Date: 2025-03-28

Corporate Action: Ipo

Type: Update

Accession Number: 000119312525067203

Filing Summary: Phoenix Energy One, LLC is filing an amendment to its registration statement under the Securities Act of 1933 to offer Senior Subordinated Notes with an aggregate principal amount of up to $750 million. The offering includes various Notes with maturities ranging from three to eleven years and interest rates between 9% and 12%. The Notes are unsecured obligations that will rank senior to existing and future indebtedness that is subordinated to the Notes. As of February 28, 2025, the company held approximately $1,055.7 million in outstanding debt. The company recorded substantial net losses in 2023 and 2024, necessitating additional debt to finance growth. The offering is to be conducted without underwriters, utilizing Dalmore Group, LLC as the managing broker-dealer. The document outlines the structure and types of Notes being offered, their associated risks, and the financial positions of the company, emphasizing the need for potential investors to be aware of their suitability for this investment.

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Form Type: S-1/A

Filing Date: 2024-12-30

Corporate Action: Ipo

Type: New

Accession Number: 000119312524286101

Filing Summary: Phoenix Capital Group Holdings, LLC has filed an amendment to its S-1 registration statement with the U.S. Securities and Exchange Commission for the initial public offering of up to $750,000,000 in Senior Subordinated Notes. The offering includes multiple series of notes with different maturities and interest rates, ranging from 9.0% to 12.0%. The notes will be unsecured and subordinated to any secured debt. Furthermore, the company emphasizes that investors will not have a trading market for these notes, and they are intended for investors who can afford to lose their entire investment. The registration statement indicates that the offering is being conducted on a continuous basis and may involve additional amendments or supplements as needed.

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