Diversified Energy-backed SPV DP Eagle issues $895 million asset-backed notes in private offering
Diversified Energy Company DEC | 0.00 |
- Diversified Energy-backed SPV DP Eagle issued USD 895 million of fixed-rate asset-backed securities in a private offering on July 2, 2026.
- Financing split into USD 580 million 6.071% Class A-1 Notes due 2046, USD 235 million 6.82% Class A-2 Notes due 2046, USD 80 million 10.33% Class B Notes due 2046.
- Proceeds funded part of a roughly USD 1.18 billion Oklahoma asset acquisition, a liquidity reserve account, transaction costs; remaining funding included revolver borrowings.
- Notes have an anticipated repayment date in July 2031, legal final maturity in July 2046; principal and interest payable monthly.
- Collateral tied to upstream producing assets in Oklahoma’s Anadarko basin; coupon steps up if not refinanced or repaid by July 2031.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Diversified Energy Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001922446-26-000057), on July 06, 2026, and is solely responsible for the information contained therein.
