Diversified Energy Co. Plc

Description

Closed a sustainability-linked asset backed securitization (ABS) involving certain of its Appalachian assets previously pledged as collateral under the company’s revolving credit facility led by KeyBank NA and substantially similar to assets securitized in the company’s previous ABS transactions. Proceeds will be used to reduce its RBL borrowings and create additional liquidity.

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Estimated Price
$365.0MM
Financing Type
Report Date