Company – Scrape Financial
Risk Factors Summary

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.

To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1949543&owner=exclude

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