NYSE:DECOil and Gas
Diversified Energy’s Bigger Bond Tap and Oklahoma Deal Could Be A Game Changer For DEC
Diversified Energy Company, through its subsidiary Diversified Gas & Oil Corporation, recently completed a US$200 million tap of its senior secured bonds due April 2029, lifting the 2029 bond total to US$500 million to fund general corporate purposes while also closing the acquisition of Canvas Energy’s producing assets and acreage in Oklahoma.
This combination of higher secured debt and added Oklahoma production footprint reshapes Diversified Energy’s capital structure and operating profile...