Short answer
Diversified Energy Co (DEC) filed an 8-K current report with the SEC on July 6, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 2.01 (Completion of Acquisition or Disposition of Assets). $895 million asset-backed securities issuance, funding part of Diversified Energy’s asset acquisition.
Diversified Energy Co 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $895 million asset-backed securities issuance, funding part of Diversified Energy’s asset acquisition
- Class A-1 $580 million at 6.071%, Class A-2 $235 million at 6.820%, and Class B $80 million at 10.330%
- All notes mature in 2046, creating long-dated fixed-rate financing obligations
- Carlyle owns 60% of the issuer, with Diversified Energy’s subsidiary owning 40%
- Private offering under Securities Act Section 4(a)(2), limiting public-market issuance and disclosure structure
Item 2.01 · Completion of Acquisition or Disposition of Assets
- Completed Oklahoma acquisition from Camino affiliates for approximately $1.175 billion, subject to customary purchase-price adjustments
- Developed assets contributed to issuer subsidiaries, expanding Diversified’s producing oil and natural-gas portfolio
- Carlyle funded 60% of Developed Assets’ cash purchase price for a 60% interest in the issuer’s parent
- Remaining consideration funded through offering proceeds and revolving-credit borrowings, increasing financing reliance
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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