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DECPF / Diversified Energy boosts liquidity with asset-backed securitisation financing

Diversified Energy boosts liquidity with asset-backed securitisation financing
Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) said it last week closed a US$365mln sustainability-linked asset backed securitisation (ABS) involving some of its Appalachian assets, which had previously been pledged as collateral under the company's Revolving Credit Facility (RBL) led by KeyBank National Association. The ABS proceeds will be used to reduce outstanding RBL borrowings and create additional liquidity, allowing the company to pursue acquisitions without having to issue new equity, Diversified Energy said in a statement. Read More
Posted: Feb 7 2022, 03:59
Author Name: Proactive Investors
Views: 111580

DECPF News  

Diversified Energy “unaware” of any specific reason for share price fall

By Proactive Investors
October 5, 2023

Diversified Energy “unaware” of any specific reason for share price fall

Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) told investors it was unaware of any operational or specific reason for its recent share price f more_horizontal

Diversified Energy ups its borrowing base

By Proactive Investors
September 26, 2023

Diversified Energy ups its borrowing base

Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) has increased its borrowing base, up to US$425 million, via a semi-annual review process. The co more_horizontal

Diversified Energy promotes senior executives after CFO departs

By Proactive Investors
September 18, 2023

Diversified Energy promotes senior executives after CFO departs

Diversified Energy Company said chief financial officer Eric Williams has resigned to pursue other professional opportunities. Williams will work thro more_horizontal

Diversified Energy Company increaess production in first half

By Proactive Investors
September 1, 2023

Diversified Energy Company increaess production in first half

Diversified Energy Company saw production increase by 4% in its latest half-year, which included the acquisition of the Tanos II assets Appalachia in more_horizontal

Diversified Energy: A 15% Dividend Yield Thanks To Its Strong Hedge Book

By Seeking Alpha
July 23, 2023

Diversified Energy: A 15% Dividend Yield Thanks To Its Strong Hedge Book

Diversified Energy is a UK-listed company with 100% of its producing natural gas assets in the US. The company acquires mature wells with low decline more_horizontal

Diversified Energy Company sells non-core acreage in US$16mln deal

By Proactive Investors
July 17, 2023

Diversified Energy Company sells non-core acreage in US$16mln deal

Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) has announced a further divestment of assets, a package of 22,000 net acres of undeveloped groun more_horizontal

Diversified Energy Company sells non-operated well package for US$40mln

By Proactive Investors
June 28, 2023

Diversified Energy Company sells non-operated well package for US$40mln

Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) will bank US$40 million of proceeds from the sale of a package of non-operated wells in Oklahoma more_horizontal

Broker repeats ‘buy' rating for Diversified Energy after sustainability-linked loan is retained

By Proactive Investors
May 18, 2023

Broker repeats ‘buy' rating for Diversified Energy after sustainability-linked loan is retained

Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) was today boosted as its finance facilities got a favourable nod after its syndicate of fourteen more_horizontal


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