Risk Factors Update Summary
- Sitio recognized impairment expense of $25.6 million related to Appalachian Basin proved properties in 2023.
- Maturity date for Senior Notes extended from 2026 to 2028, providing additional time for repayment.
- The New Sitio Credit Agreement provides $850.0 million borrowing base and $750.0 million elected commitment amount.
- Sponsors now hold approximately 45.7% of voting power, influencing decision-making significantly.
- The 2028 Senior Notes were issued for $600.0 million, with proceeds used to repay the 2026 Senior Notes.
- Cybersecurity risks have increased, with cyber incidents rising in frequency and magnitude.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
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