DEC Amends and Expands Credit Facility, Increases Borrowing Base to $1 Billion

Diversified Energy Company (DEC) amended its revolving credit agreement, increasing its borrowing capacity and extending the maturity date. The amendment, effective October 27, 2026, increases the borrowing base to $1 billion and the aggregate maximum credit amount to $2.5 billion, providing enhanced financial flexibility.

Key Details

• Increased Capacity: The borrowing base was increased to $1 billion from $900 million. The aggregate maximum credit amount was increased to $2.5 billion from $1.5 billion.
• Improved Terms: The maturity date was extended to October 27, 2030 (from March 14, 2029), and interest margins were reduced by 25 basis points. Truist Bank replaced KeyBank as the administrative agent.
• Related Transactions: In connection with the amendment, a subsidiary redeemed $62 million of its outstanding asset-backed notes (ABS IX Notes), funded by borrowings under the credit facility.