Diversified Energy Company expands borrowing base

Diversified Energy Company

Diversified Energy Company PLC (LON:DEC) has announced its  completion of the semi-annual borrowing base redetermination for the Company’s revolving credit facility, structured as a Sustainability-Linked Loan. The borrowing base under the facility was increased to $425 million from $375 million with 100% approval from Diversified’s 14-bank lending syndicate, resulting in current liquidity of approximately $120 million. 

Rusty Hutson, Jr., CEO of Diversified Energy Company, commented:

“We thank all the members of our lending syndicate for their continued support and confidence in Diversified’s strong reserves base and sustainability practices, resulting in the unanimous borrowing base increase to $425 million for Diversified’s Sustainably-Linked Loan. The expanded borrowing base reflects the quality and value of our asset base and the economics associated with our investments in the business.”

We’ll keep you in the loop!

Join 1,000's of investors who read our articles first

We don’t spam! Read our privacy policy for more info.

Share on:
Find more news, interviews, share price & company profile here for:

The Diverse Income Trust Gervais Williams Eyes Big Gains from Gold, Gas and Tech (Video)

Gervais Williams reveals how The Diverse Income Trust is crushing major indices — powered by standout picks in gold, gas, and fintech.

Diversified Energy to shift primary listing to NYSE, retain secondary LSE listing

Diversified Energy Company has announced plans to move its primary listing to the New York Stock Exchange while maintaining a secondary listing on the London Stock Exchange.

Diversified Energy completes $550m Canvas Energy acquisition with Carlyle backing

Diversified Energy has agreed to acquire Canvas Energy for approximately $550 million. The deal, funded through a Carlyle-backed asset securitisation, cash, and new shares, adds producing assets in Oklahoma and is expected to contribute around $155 million of next twelve months EBITDA before synergies.

Diversified Energy announces new Board appointments

Diversified Energy Company has announced that Sandra Stash will step down from its Board of Directors. David Turner will become Senior Independent Director, Kathryn Klaber will chair the Sustainability Committee, and Martin Thomas will join the Audit & Risk Committee.

Diversified Energy delivers strong H1 2025 with Carlyle partnership boost

Diversified Energy Company posted first-half 2025 results in line with expectations, delivering strong production growth, improved financial metrics, and $152 million in adjusted free cash flow

Diversified Energy confirms Q4 dividend payment of 21.254p per share

Diversified Energy Company PLC announces a fourth-quarter dividend of 29 cents per share for Q4 2024, payable June 30, 2025. Shareholders can opt for GBP payments.

Search

Search