Capital Markets | Credit Facility Change
Diversified Energy's Credit Line Grows 32% to $825MM
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Diversified Energy Company PLC's bank lending group, led by KeyBank National Association, completed its semi-annual redetermination of the Company's senior secured credit facility.
The Bank Group approved an $825 million borrowing base, representing a $200 million or 32% increase related to higher commodity prices and the added collateral from the Company's previously announced acquisition of Tapstone Energy Holdings LLC.
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