Diversified Energy Closes Securitised Financing

BIRMINGHAM, AL / February 7, 2022 / Diversified Energy Company (LSE:DEC) is pleased to announce its closing on February 4, 2022 of a sustainability-linked asset backed securitisation ("ABS") involving certain of its Appalachian assets ("Assets"). The Assets were previously pledged as collateral under the Company's Revolving Credit Facility ("RBL") led by KeyBank National Association and are substantially similar to assets securitised in the Company's previous ABS transactions. The Company will use the ABS proceeds to reduce its RBL borrowings and create additional liquidity.