Diversified Energy Announces Successful Placement of 4-year Senior Secured Notes
Diversified Energy Company (LSE: DEC) (NYSE: DEC) has successfully placed $300 million of new senior secured notes with a 9.75% fixed coupon rate, payable semi-annually. The notes will mature in April 2029.
The proceeds will be utilized for existing debt repayment and general corporate purposes. This new debt placement is leverage-neutral and increases the company's liquidity to approximately $440 million. The arrangement aims to enhance cash flow and provide flexibility for investment in high-return opportunities.
DNB Markets, part of DNB Bank ASA, served as the Manager and Bookrunner for the bond offering.
Diversified Energy Company (LSE: DEC) (NYSE: DEC) ha collocato con successo 300 milioni di dollari di nuove note senior garantite con un tasso di interesse fisso del 9,75%, pagabile semestralmente. Le note scadranno a aprile 2029.
I proventi saranno utilizzati per il rimborso del debito esistente e per scopi aziendali generali. Questa nuova emissione di debito è neutrale rispetto alla leva finanziaria e aumenta la liquidità dell'azienda a circa 440 milioni di dollari. L'accordo mira a migliorare il flusso di cassa e fornire flessibilità per investimenti in opportunità ad alto rendimento.
DNB Markets, parte di DNB Bank ASA, ha svolto il ruolo di Manager e Bookrunner per l'emissione obbligazionaria.
Diversified Energy Company (LSE: DEC) (NYSE: DEC) ha colocado con éxito 300 millones de dólares en nuevas notas senior garantizadas con una tasa de cupón fija del 9,75%, pagadera semestralmente. Las notas vencerán en abril de 2029.
Los ingresos se utilizarán para el pago de deudas existentes y fines corporativos generales. Esta nueva colocación de deuda es neutral en cuanto a apalancamiento y aumenta la liquidez de la empresa a aproximadamente 440 millones de dólares. El acuerdo tiene como objetivo mejorar el flujo de efectivo y proporcionar flexibilidad para invertir en oportunidades de alto rendimiento.
DNB Markets, parte de DNB Bank ASA, actuó como Gerente y Bookrunner para la oferta de bonos.
다양화된 에너지 회사 (LSE: DEC) (NYSE: DEC)는 3억 달러의 새로운 선순위 담보 채권을 성공적으로 발행하였으며, 9.75%의 고정 이자율로 반기마다 지급됩니다. 이 채권은 2029년 4월에 만료됩니다.
수익금은 기존 부채 상환 및 일반 기업 목적에 사용될 것입니다. 이 새로운 부채 발행은 레버리지 중립적이며 회사의 유동성을 약 4억 4천만 달러로 증가시킵니다. 이 Arrangement는 현금 흐름을 개선하고 높은 수익 기회에 대한 투자 유연성을 제공하는 것을 목표로 합니다.
DNB Markets는 DNB Bank ASA의 일부로서 채권 발행의 매니저 및 북런너 역할을 수행했습니다.
Diversified Energy Company (LSE: DEC) (NYSE: DEC) a réussi à émettre 300 millions de dollars de nouvelles obligations senior sécurisées avec un taux de coupon fixe de 9,75%, payable semestriellement. Les obligations arriveront à échéance en avril 2029.
Les produits seront utilisés pour le remboursement de la dette existante et pour des fins corporatives générales. Cette nouvelle émission de dette est neutre en termes de levier et augmente la liquidité de l'entreprise à environ 440 millions de dollars. L'accord vise à améliorer le flux de trésorerie et à offrir de la flexibilité pour investir dans des opportunités à haut rendement.
DNB Markets, partie de DNB Bank ASA, a agi en tant que Manager et Bookrunner pour l'offre obligataire.
Diversified Energy Company (LSE: DEC) (NYSE: DEC) hat erfolgreich 300 Millionen Dollar neuer vorrangiger besicherter Anleihen mit einem festen Kupon von 9,75% platziert, der halbjährlich zahlbar ist. Die Anleihen werden im April 2029 fällig.
Die Erlöse werden zur Rückzahlung bestehender Schulden und für allgemeine Unternehmenszwecke verwendet. Diese neue Schuldenplatzierung ist hebelneutral und erhöht die Liquidität des Unternehmens auf etwa 440 Millionen Dollar. Die Vereinbarung zielt darauf ab, den Cashflow zu verbessern und Flexibilität für Investitionen in hochrentierliche Möglichkeiten zu bieten.
DNB Markets, Teil der DNB Bank ASA, fungierte als Manager und Bookrunner für das Anleiheangebot.
- Successful placement of $300 million senior secured notes
- Increased liquidity position to $440 million
- Leverage-neutral transaction maintaining debt ratios
- Enhanced cash flow flexibility for high-return investments
- High interest rate of 9.75% on new notes
- Additional debt burden with $300 million notes
BIRMINGHAM, Ala., March 28, 2025 (GLOBE NEWSWIRE) -- 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 successfully placed
The net proceeds from the senior secured notes will be used for repayment of existing debt and for general corporate purposes. The new class of debt provides increased liquidity, which currently stands at approximately
DNB Markets, a part of DNB Bank ASA, acted as Manager and Bookrunner in the bond offering.
For further information, please contact:
| Diversified Energy Company PLC | +1 973 856 2757 |
| Doug Kris | dkris@dgoc.com |
| Senior Vice President, Investor Relations & | |
| 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
What is the interest rate and maturity of Diversified Energy's new senior secured notes?
How much did Diversified Energy (DEC) raise in their latest senior secured notes placement?
What is DEC's current liquidity position after the notes placement?
How will Diversified Energy use the proceeds from the $300M notes offering?
Who managed the bond offering for Diversified Energy's latest notes placement?
