Diversified Energy Co (DEC): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

Diversified Energy Co incurred senior notes of $850 million in aggregate principal amount of fixed-rate asset-backed securities, consisting of $590 million principal a with UMB Bank, N.A., as Indenture Trustee at 6.016% for Class A-1 Notes and 6.910% for Class A-2 Notes maturing legal final maturity in May 2046 with an Anticipated Repayment Date in May 2031.

Instrument: senior notes
Principal: $850 million in aggregate principal amount of fixed-rate asset-backed securities, consisting of $590 million principal a
Counterparty: UMB Bank, N.A., as Indenture Trustee
Rate: 6.016% for Class A-1 Notes and 6.910% for Class A-2 Notes
Maturity: legal final maturity in May 2046 with an Anticipated Repayment Date in May 2031
Event: incurrence

Exact text from the filing

On May 13, 2026, DP Red River LLC (the “Issuer”), a limited-purpose, bankruptcy-remote, wholly-owned indirect subsidiary of Diversified Energy Company (the “Company”), issued in a private offering (the “Offering”) $850 million in aggregate principal amount of fixed-rate asset-backed securities, consisting of $590 million principal amount of 6.016% Class A-1 Notes due 2046 and $260 million in principal amount of 6.910% Class A-2 Notes due 2046 (collectively, the “ABS XII Notes”) pursuant to Section 4(a)(2) under the Securities Act of 1933, as amended (the “Securities Act”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Diversified Energy Co entered into Indenture with UMB Bank, N.A., as Indenture Trustee valued at $850 million (effective 2026-05-13).

Action: entry
Agreement: notes offering
Counterparty: UMB Bank, N.A., as Indenture Trustee
Value: $850 million
Effective: 2026-05-13

Exact text from the filing

The ABS XII Notes were issued under a Base Indenture (the “Base Indenture”) and related Series 2026-1 Supplement (the “Supplement” and together with the Base Indenture, the “Indenture”) each dated May 13, 2026

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102 debt financings filed in the last 30 days. Browse all debt financings →

Diversified Energy Co filing history →

Source: SEC EDGAR

accession 0001922446-26-000050

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