secwatch.observer — SEC 8-K summary
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Issuer:     Diversified Energy Co (DEC)
CIK:        0001922446
Form:       8-K
Filed at:   2026-05-12T20:36:30+00:00
Accession:  0001922446-26-000047
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Diversified Energy to acquire Camino assets for $1.175B, partners with Carlyle in SPV structure
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- Purchase price $1.175B for oil & gas assets in Oklahoma's Anadarko Basin, including ~300 MMcfepd production and ~101K acres.
- Carlyle to fund 60% of purchase via ABS SPV; Diversified funds ~$210M from credit facility; expected close Q3 2026.
- Diversified retains 100% of undeveloped acreage outside SPV; Carlyle holds majority SPV interest, Diversified as operator.
- Estimated NTM EBITDA ~$397M, ~3.0x multiple; over 100 drill-ready locations with ~80% working interest.
- Partnership builds on 2025 strategic deal; no new Diversified equity issued; asset-backed securitization arranged by Carlyle.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1922446/000192244626000047/0001922446-26-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1922446/000192244626000047/dec-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001922446-26-000047

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