Diversified Energy Expands Credit Facility to $1 Billion, Cuts Borrowing Costs
Subsidiary DP RBL Co amended its revolving credit agreement, raising its borrowing base and elected commitments to $1 billion and its maximum credit amount to $2.5 billion. Interest margins fall 25 basis points, and stated maturity extends to October 27; the year is not provided.
Diversified Energy's subsidiary DP RBL Co amended its revolving credit agreement, increasing its borrowing base and elected commitments to $1 billion and its maximum credit amount to $2.5 billion. The amendment reduces interest margins by 25 basis points and extends stated maturity to October 27, 2…