Diversified Energy Announces Completion of Acquisition & Credit Facility Upsize

Mar 02, 2023

BIRMINGHAM, AL / ACCESSWIRE / March 2, 2023 / Diversified Energy Company PLC (LSE:DEC, Financial) ("Diversified", "DEC" or the "Company") announces the closing of its acquisition of certain upstream assets and related facilities (the "Assets") in Texas, within the Company's Central Region, from Tanos Energy Holdings II LLC, a portfolio company of Quantum Energy Partners ("Tanos") (the "Seller") (collectively with the Assets, the "Acquisition"). Concurrently, the Company also completed an acquisition-related redetermination of the borrowing base of its Sustainability Linked Loan ("SLL") resulting in a 50% or $125 million increase in the borrowing base to $375 million.

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