Diversified Energy Announces Increase in Borrowing Base
- Borrowing base increased to $425 million
- Current liquidity of $120 million
- None.
BIRMINGHAM, AL / ACCESSWIRE / September 26, 2023 / Diversified Energy Company PLC (LSE:DEC) ("Diversified" or "the Company") is pleased to announce its completion of the semi-annual borrowing base redetermination for the Company's revolving credit facility, structured as a Sustainability-Linked Loan. The borrowing base under the facility was increased to
Rusty Hutson, Jr., CEO of Diversified, commented:
"We thank all the members of our lending syndicate for their continued support and confidence in Diversified's strong reserves base and sustainability practices, resulting in the unanimous borrowing base increase to
For further information, please contact:
Diversified Energy Company PLC | +1 973 856 2757 |
Doug Kris | |
www.div.energy | |
FTI Consulting | |
US & UK Financial Public Relations |
About Diversified Energy Company PLC
Diversified Energy Company PLC is an independent energy company engaged in the production, marketing, transportation, and retirement of primarily natural gas related to its US onshore upstream and midstream assets.
SOURCE: Diversified Energy Company PLC
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