M&A
confidence high
sentiment positive
materiality 0.80
Diversified Energy completes $1.175B Oklahoma acquisition, issues $895M ABS notes with Carlyle
Diversified Energy Co
- Completed acquisition of Camino Natural Resources assets in Oklahoma for ~$1.175B.
- Issued $895M ABS notes: $580M Class A-1 at 6.071%, $235M Class A-2 at 6.820%, $80M Class B at 10.330%.
- Carlyle funded 60% of cash purchase price for Developed Assets in exchange for 60% ownership in Issuer's parent.
- ABS notes secured by Anadarko basin producing assets; anticipated repayment July 2031, legal final maturity 2046.
- Remainder of purchase price funded with ABS proceeds and borrowings under revolving credit facility.