Diversified Energy Co (DEC) Form 8-K — Jul 6, 2026
Diversified Energy Company announced that DP Eagle LLC, a bankruptcy-remote SPV owned 60% by Carlyle and 40% by the Company, issued $895 million in asset-backed securities. The offering included $580 million of Class A-1 Notes at 6.071%, $235 million of Class A-2 Notes at 6.820%, and $80 million of Class B Notes at 10.330%, all due in 2046. The net proceeds were used to fund the acquisition of oil and natural gas assets in Oklahoma from affiliates of Camino Natural Resources for approximately $1.175 billion. Carlyle funded 60% of the equity for the developed assets, while the remainder was funded by the offering and borrowings under the Company's revolving credit facility.
Key figures
- Debt Amount
- 895000000
- Class B Notes
- $80 million
- Class A-1 Notes
- $580 million
- Class A-2 Notes
- $235 million
- Acquisition Price
- $1.175 billion
Price after filing
Close on the filing date to close N calendar days later (from $13.44). Historical, not a forecast.
AI analysis
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