Diversified Energy amends credit facility, raising borrowing base to $1 billion
On October 27, 2026, a Diversified Energy subsidiary signed an amendment to its revolving credit agreement. The amendment raises the borrowing base from $900 million to $1 billion and the aggregate maximum credit amounts from $1.5 billion to $2.5 billion, while cutting interest margins by 25 basis points. It also sets an earlier maturity date if the Nordic bonds remain outstanding, which would move the facility's maturity to January 8, 2029.
Key points
- Borrowing base rises from $900 million to $1 billion; aggregate maximum credit amounts rise from $1.5 billion to $2.5 billion.
- Truist Bank replaces KeyBank National Association as administrative agent; KeyBank is no longer a lender.
- Interest margins are reduced by 25 basis points; maturity moves to October 27, 2030, or earlier, to January 8, 2029, if the 9.75% Nordic bonds due April 9, 2029 remain outstanding.
- On October 26, 2026, ABS IX redeemed its $62 million in asset-backed notes using borrowings under the credit agreement.
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 02, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.