Diversified Energy Co. Plc

Description

Closed an asset backed securitization (ABS) of substantially all remaining unsecuritised upstream producing natural gas and oil Appalachia assets linked to key performance indicators based on emissions reduction targets. Represents the company’s third ESG-aligned ABS in 2022. The assets were previously pledged as collateral under the company’s RBL.

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Estimated Price
$445.0MM
Financing Type
Report Date