Diversified Energy Raises $200 Million via Tap of 2029 Secured Bonds

An announcement from Diversified Energy Company ( (DEC) ) is now available.

Diversified Energy Company has expanded its existing senior secured bond maturing in April 2029 by successfully placing a $200 million tap issue, bringing the total outstanding under the 2029 secured bonds to $500 million. The additional capital, arranged with DNB Carnegie acting as sole bookrunner, will be used for general corporate purposes, providing the company with enhanced financial flexibility to support its asset-focused operating strategy and ongoing optimization efforts, while reinforcing its access to debt markets and long-term funding for its portfolio of cash-generating energy assets.

More about Diversified Energy Company

Diversified Energy Company is a publicly traded energy firm focused on acquiring, operating and optimizing cash-generating, long-life energy assets. The company’s strategy centers on purchasing existing producing assets, investing to improve their environmental and operational performance, and ultimately retiring them safely and in an environmentally secure manner, positioning Diversified as a sustainability-focused operator committed to responsible energy production and consistent free cash flow generation for shareholders.

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