Diversified Energy Co. Plc


In conjunction with the closing of the $445 million ABS and reflective of the transfer of the collateral, Diversified’s 16-member bank group, led by KeyBank National Association, redetermined the company's RBL borrowing base at $300 million. The ABS proceeds will be used to repay all outstanding borrowings under its RBL and for general corporate purposes, resulting in liquidity of approximately $500 million pro forma as of March 31.

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