Sable Offshore Corp. Announces $250 Million Private Placement of Shares to Institutional Investors

Sable Offshore Corp. has announced a $250 million private placement of shares to institutional investors, with 45.5 million shares to be issued at $5.50 per share. The proceeds will be used for general corporate purposes, with the offering expected to close on November 12, 2025. The private placement is expected to satisfy the common equity contribution condition of the Senior Secured Term Loan amendment. Jefferies and TD Cowen are acting as joint placement agents for the private placement.