Diversified Energy Company has successfully closed a $400 million private asset-backed securitization (ABS) to finance its acquisition of Canvas Energy. The transaction, structured as a master trust and supported by Legado Capital Advisors, marks DEC's 11th ABS financing and was completed without the need for a bridge facility. The A tranche notes were priced at a blended coupon of 5.97%. This financing leverages DEC's strategic partnership with The Carlyle Group and provides long-term, low-cost funding aligned with the company's high-quality asset profile.