Diversified Energy subsidiary issues $850M ABS notes at 6.016%/6.910% to refinance existing debt

Diversified Energy Co

$590M Class A-1 at 6.016% and $260M Class A-2 at 6.910%, both due 2046, secured by Western Anadarko Basin assets.
Proceeds used to redeem outstanding notes with coupons of 8.121%, 8.946%, and 12.436%, plus fees and general corporate purposes.
Notes have an Anticipated Repayment Date of May 2031, with coupon step-up if not repaid by then; monthly principal and interest.
Issuer is a bankruptcy-remote subsidiary; notes guaranteed by other wholly-owned indirect subsidiaries of Diversified Energy.

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