BRIEF-Sable, Exxon Enter Into Senior Secured Term Loan Amendment And Limited Waiver Under PSA

Sable Offshore
Exxon Mobil Corporation

Sable Offshore

SOC

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Exxon Mobil Corporation

XOM

0.00

- Sable Offshore Corp SOC.N:

  • SABLE OFFSHORE CORP: CO, EXXON ENTER INTO SENIOR SECURED TERM LOAN AMENDMENT AND LIMITED WAIVER UNDER PSA

  • SABLE OFFSHORE CORP - EXTENDS SENIOR SECURED TERM LOAN MATURITY DATE TO JULY 24, 2026

  • SABLE OFFSHORE CORP - TEMPORARY WAIVER OF PA FINANCIAL SECURITY REQUIREMENT UNTIL DECEMBER 22, 2028 OR EARLIER

  • SABLE OFFSHORE CORP - EXXON SUSPENDS $25 MILLION MINIMUM LIQUIDITY COVENANT UNTIL AMENDED MATURITY DATE

  • SABLE OFFSHORE CORP - TO PAY $30 MILLION AMENDMENT FEE TO EXXON ON JUNE 22, 2026

  • SABLE OFFSHORE CORP - TO REDUCE NEW SENIOR SECURED TERM LOAN TO UP TO $775 MILLION

Source text: ID:nBw54pQv8a

Further company coverage: SOC.N