Diversified Energy, through special-purpose issuer DP Eagle, completed a private issuance of $895 million fixed-rate asset-backed securities under a Base Indenture with UMB Bank as trustee. The notes include $580 million Class A-1 at 6.071%, $235 million Class A-2 at 6.820%, and $80 million Class B at 10.330%, payable monthly, with an anticipated repayment in July 2031 and legal final maturity in July 2046. Proceeds helped finance the acquisition of Anadarko basin producing assets, fund a liquidity reserve, and pay transaction costs. The securities are secured by the Oklahoma assets and carry customary covenants and accelerated amortization triggers.
Agreement details:
- Agreement type: Asset-backed securities indenture and issuance of ABS XIII Notes (Classes A-1, A-2, B)
- Counterparty: UMB Bank
- Signed / Effective: Jul 02 2026 / same
- Duration / Termination: Through Jul 2046 (anticipated repayment Jul 2031)
- Reason: Finance Oklahoma asset acquisition and liquidity reserves
Original SEC Filing:
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