Announcement of Fixed Income Investor Meetings
DEC mandates DNB Markets to arrange investor calls for potential four-year US dollar senior secured notes offering.
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Diversified Energy Company PLC (LSE: DEC) (NYSE: DEC) (“Diversified” or the “Company”), an independent energy company focused on natural gas and liquids production, transportation, marketing and well retirement, today announces that it has mandated DNB Markets, a part of DNB Bank ASA, as Sole Bookrunner to arrange a series of fixed income investor calls commencing March 24, 2025. Following such fixed-income investor calls, the Company intends to commence an offering of four-year US$ denominated senior secured notes, subject inter alia to market conditions (the “Contemplated Bond Offering”).
The Company intends to use the net proceeds from the Contemplated Bond Offering to repay existing debt and for general corporate purposes.
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