Sable Offshore Corp. closed a series of financing transactions on July 2, 2026, including the issuance of $345.0 million in 6.5% Convertible Senior Notes due 2031 and a concurrent common stock offering of 32,467,533 shares. The company also entered into new senior secured credit facilities consisting of a $500 million senior secured revolving credit facility and a $675 million Term Loan B, which will be used to repay its existing senior secured term loan with Exxon Mobil Corporation. Sable Offshore Corp. operates in the energy sector, focusing on offshore oil and gas production.
