{"schema_version":"secwatch.filing_event.v1","accession":"0001922446-26-000050","form_type":"8-K","ticker":"DEC","cik":"0001922446","company_name":"Diversified Energy Co","filed_at":"2026-05-19T12:26:38+00:00","discovered_at":"2026-05-19T12:30:00.365483+00:00","generated_at":"2026-05-19T12:31:26.031395+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Diversified Energy subsidiary issues $850M ABS notes at 6.016%/6.910% to refinance existing debt","bullets":["$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."],"urls":{"canonical":"https://secwatch.observer/filing/0001922446-26-000050","json":"https://secwatch.observer/filing/0001922446-26-000050.json","markdown":"https://secwatch.observer/filing/0001922446-26-000050.md","text":"https://secwatch.observer/filing/0001922446-26-000050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1922446/000192244626000050/0001922446-26-000050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1922446/000192244626000050/dec-20260513.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T12:31:26.031395+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8a55b65b986246263a3a211214bab16e55c8e595","claim":"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.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1922446/000192244626000050/0001922446-26-000050-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$850 million in aggregate principal amount of fixed-rate asset-backed securities, consisting of $590 million principal a"},{"label":"Counterparty","value":"UMB Bank, N.A., as Indenture Trustee"},{"label":"Rate","value":"6.016% for Class A-1 Notes and 6.910% for Class A-2 Notes"},{"label":"Maturity","value":"legal final maturity in May 2046 with an Anticipated Repayment Date in May 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f4ceb26572a6741c3a0ecf1a968b7c7a8930129c","claim":"Diversified Energy Co entered into Indenture with UMB Bank, N.A., as Indenture Trustee valued at $850 million (effective 2026-05-13).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1922446/000192244626000050/0001922446-26-000050-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"UMB Bank, N.A., as Indenture Trustee"},{"label":"Value","value":"$850 million"},{"label":"Effective","value":"2026-05-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}