secwatch.observer — SEC 8-K summary
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Issuer:     Diversified Energy Co (DEC)
CIK:        0001922446
Form:       8-K
Filed at:   2026-02-10T23:59:59+00:00
Accession:  0001922446-26-000014
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Diversified Energy closes $200M tap of 9.75% senior secured bonds due 2029
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- Issued $200M tap on $300M existing 9.75% senior secured bonds due April 9, 2029; total now $500M.
- Semi-annual interest; early redemption subject to make-whole or declining premiums after April 2027.
- Covenants: leverage ≤3.5x, asset coverage ≥1.2x, book equity ≥$500M, liquidity ≥25% of bonds.
- Change-of-control trigger requires repurchase at 101% of principal.
- Bonds guaranteed by Diversified Energy and secured by bank accounts, equity interests, and intercompany loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1922446/000192244626000014/0001922446-26-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1922446/000192244626000014/dec-20260205.htm
  HTML page:      https://secwatch.observer/filing/0001922446-26-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer