---
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"
generated_at: "2026-05-19T12:31:26.031395+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001922446-26-000050
- JSON: https://secwatch.observer/filing/0001922446-26-000050.json
- Plain text: https://secwatch.observer/filing/0001922446-26-000050.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1922446/000192244626000050/0001922446-26-000050-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1922446/000192244626000050/0001922446-26-000050-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.