Core Viewpoint - Diversified Energy Company PLC has announced a public offering of up to 8,500,000 ordinary shares to raise funds primarily for debt repayment related to the acquisition of Maverick Natural Resources, LLC [1][3]. Group 1: Offering Details - The public offering will be underwritten by Citigroup and Mizuho, with an option for underwriters to purchase an additional 850,000 shares [2]. - The offering is subject to market conditions, and there is no assurance regarding its completion or the final terms [2]. - A shelf registration statement for the securities was filed with the SEC on February 11, 2025, and became effective upon filing [4]. Group 2: Use of Proceeds - The net proceeds from the offering are intended to repay a portion of the debt incurred for the acquisition of Maverick Natural Resources, LLC [3]. - If the acquisition does not close, the proceeds will be used for general corporate purposes and debt repayment [3]. Group 3: Company Overview - Diversified Energy Company focuses on natural gas and liquids production, transportation, marketing, and well retirement, aiming to improve environmental and operational performance [6]. - The company is recognized for its sustainability leadership and aims to generate shareholder value through responsible energy production [6].
Diversified Energy Announces Proposed Offering of Ordinary Shares