Diversified Energy boosts borrowing base to $425 million

By Marisa Wong

Los Angeles, Sept. 26 – Diversified Energy Co. plc announced an increase of the borrowing base under its sustainability-linked revolving credit facility to $425 million from $375 million, according to a press release.

The increase had 100% approval from Diversified’s 14-bank lending syndicate and resulted in current liquidity of about $120 million.

Birmingham, Ala.-based Diversified Energy is an independent energy sector company engaged in the production, marketing and transportation of energy (primarily natural gas) with onshore U.S. upstream and midstream assets.

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