Announcement of Fixed Income Investor Meetings
Diversified Energy Company (LSE: DEC) (NYSE: DEC) has announced plans to conduct fixed income investor meetings starting March 24, 2025, with DNB Markets appointed as Sole Bookrunner. Following these meetings, the company intends to launch an offering of four-year US$ denominated senior secured notes.
The proceeds from this contemplated bond offering will be used to repay existing debt and for general corporate purposes. The offering will be exclusively available to qualified institutional buyers in the United States under Rule 144A of the Securities Act of 1933. The notes will not be registered under the Securities Act or state securities laws.
Diversified Energy Company (LSE: DEC) (NYSE: DEC) ha annunciato piani per condurre incontri con investitori in obbligazioni a partire dal 24 marzo 2025, con DNB Markets nominato come Sole Bookrunner. Dopo questi incontri, l'azienda intende lanciare un'offerta di note senior garantite denominate in dollari USA a quattro anni.
Il ricavato di questa offerta obbligazionaria prevista sarà utilizzato per rimborsare debiti esistenti e per scopi aziendali generali. L'offerta sarà esclusivamente disponibile per acquirenti istituzionali qualificati negli Stati Uniti sotto la Regola 144A del Securities Act del 1933. Le note non saranno registrate ai sensi del Securities Act o delle leggi statali sui titoli.
Diversified Energy Company (LSE: DEC) (NYSE: DEC) ha anunciado planes para llevar a cabo reuniones con inversores en renta fija a partir del 24 de marzo de 2025, con DNB Markets designado como Sole Bookrunner. Tras estas reuniones, la compañía tiene la intención de lanzar una oferta de bonos senior garantizados denominados en dólares estadounidenses a cuatro años.
Los ingresos de esta oferta de bonos contemplada se utilizarán para pagar deudas existentes y para fines corporativos generales. La oferta estará disponible exclusivamente para compradores institucionales calificados en los Estados Unidos bajo la Regla 144A de la Ley de Valores de 1933. Los bonos no estarán registrados bajo la Ley de Valores ni las leyes estatales de valores.
다양화된 에너지 회사 (LSE: DEC) (NYSE: DEC)는 2025년 3월 24일부터 시작되는 고정 수익 투자자 회의를 개최할 계획을 발표했으며, DNB 마켓이 단독 주관사로 지정되었습니다. 이러한 회의 후, 회사는 4년 만기 미화 표시의 선순위 담보 채권을 발행할 예정입니다.
이 예상되는 채권 발행의 수익금은 기존 부채 상환 및 일반 기업 목적에 사용될 것입니다. 이 발행은 1933년 증권법 제144A조에 따라 미국의 자격을 갖춘 기관 투자자에게만 제공됩니다. 이 채권은 증권법 또는 주 증권법에 따라 등록되지 않을 것입니다.
Diversified Energy Company (LSE: DEC) (NYSE: DEC) a annoncé des plans pour organiser des réunions avec des investisseurs en obligations à partir du 24 mars 2025, avec DNB Markets désigné comme Sole Bookrunner. Suite à ces réunions, la société prévoit de lancer une offre de billets senior garantis en dollars américains à quatre ans.
Les produits de cette offre obligataire envisagée seront utilisés pour rembourser des dettes existantes et pour des fins corporatives générales. L'offre sera exclusivement disponible pour des acheteurs institutionnels qualifiés aux États-Unis en vertu de la règle 144A de la Securities Act de 1933. Les billets ne seront pas enregistrés en vertu de la Securities Act ou des lois sur les valeurs mobilières des États.
Diversified Energy Company (LSE: DEC) (NYSE: DEC) hat Pläne angekündigt, ab dem 24. März 2025 festverzinsliche Investorenmeetings durchzuführen, wobei DNB Markets als Sole Bookrunner benannt wurde. Nach diesen Meetings beabsichtigt das Unternehmen, ein Angebot von vierjährigen, in US-Dollar denominierten, senior gesicherten Anleihen zu starten.
Die Erlöse aus diesem geplanten Anleiheangebot werden verwendet, um bestehende Schulden zurückzuzahlen und für allgemeine Unternehmenszwecke. Das Angebot wird ausschließlich für qualifizierte institutionelle Käufer in den Vereinigten Staaten gemäß Regel 144A des Securities Act von 1933 verfügbar sein. Die Anleihen werden nicht gemäß dem Securities Act oder den staatlichen Wertpapiergesetzen registriert.
- Company seeking to refinance existing debt through new bond offering
- Secured structure of the proposed notes provides additional protection for investors
- Additional debt issuance could increase company's leverage and interest expenses
- Offering to qualified institutional buyers only, restricting broader market participation
Diversified Energy Company PLC (LSE: DEC) (NYSE: DEC) (“Diversified” or the “Company”), an independent energy company focused on natural gas and liquids production, transportation, marketing and well retirement, today announces that it has mandated DNB Markets, a part of DNB Bank ASA, as Sole Bookrunner to arrange a series of fixed income investor calls commencing March 24, 2025. Following such fixed-income investor calls, the Company intends to commence an offering of four-year US$ denominated senior secured notes, subject inter alia to market conditions (the “Contemplated Bond Offering”).
The Company intends to use the net proceeds from the Contemplated Bond Offering to repay existing debt and for general corporate purposes.
The Contemplated Bond Offering, if issued, will be offered in the United States or its territories only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “U.S. Securities Act”). The Contemplated Bond Offering, if issued, will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute or form a part of any offer to sell or the solicitation of an offer to buy any securities of Diversified, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful, and is being issued in the United States pursuant to and in accordance with Rule 135c under the Securities Act.
For further information, please contact:
| Diversified Energy Company PLC | +1 973 856 2757 |
| Doug Kris | dkris@dgoc.com |
| Senior Vice President, Investor Relations & Corporate Communications | |
| FTI Consulting | dec@fticonsulting.com |
| U.S. & UK Financial Public Relations | |
About Diversified
Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our unique differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.
Forward-Looking Statements
This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning Diversified and the Contemplated Bond Offering. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. These forward-looking statements reflect Diversified’s beliefs and expectations, are based on numerous assumptions regarding Diversified’s present and future business strategies and are subject to risks and uncertainties that may cause actual results to differ materially. No representation is made that any of these statements will come to pass. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the actual results to be materially different from those expressed or implied by such forward looking statements. Many of these risks and uncertainties relate to factors that are beyond Diversified’s ability to control or estimate precisely. Factors that may cause actual results to differ materially from the forward-looking statements contained in this announcement include the risk factors described in the “Risk Factors” section in Diversified’s Annual Report and Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of their date and neither Diversified nor any of its directors, officers, employees, agents, affiliates or advisers expressly disclaim any obligation to supplement, amend, update or revise any of the forward-looking statements made herein, except where it would be required to do so under applicable law. You are cautioned not to place undue reliance on such forward-looking statements.
Important Notice to UK and EU Investors
This announcement is directed at and is only being distributed to persons: (a) if in member states of the European Economic Area, "qualified investors" within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (the "Prospectus Regulation") ("Qualified Investors"); or (b) if in the United Kingdom, “qualified investors” within the meaning of Article 2(e) of the UK version of Regulation (EU) 2017/1129 as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, who are (i) persons who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), or (ii) persons who fall within Article 49(2)(a) to (d) of the Order; or (c) persons to whom they may otherwise lawfully be communicated (each such person above, a "Relevant Person"). No other person should act or rely on this announcement and persons distributing this announcement must satisfy themselves that it is lawful to do so. This announcement must not be acted on or relied on by persons who are not Relevant Persons, if in the United Kingdom, or Qualified Investors, if in a member state of the EEA. Any investment or investment activity to which this announcement or the the Contemplated Bond Offering relates is available only to Relevant Persons, if in the United Kingdom, and Qualified Investors, if in a member state of the EEA, and will be engaged in only with Relevant Persons, if in the United Kingdom, and Qualified Investors, if in a member state of the EEA.
FAQ
When will Diversified Energy (DEC) begin its fixed income investor meetings?
What is the purpose of DEC's contemplated bond offering?
What type of bonds is DEC planning to offer?
Who can participate in DEC's bond offering?
