Round Type
Funding Round
BirminghamEnergySustainabilityOil And GasNatural ResourcesRenewable EnergyBiomass Energyoil & energyDescription
BIRMINGHAM, AL / February 24, 2022 / Diversified Energy Company (LSE:DEC) ("Diversified", or the "Company") is pleased to announce that on February 23, 2022 it closed a sustainability-linked asset backed securitization ("ABS") of certain Barnett Shale assets ("Assets") in North Texas. This financing represents the Company's second sustainability-linked ABS and fourth ABS since late 2019 demonstrating the increasing depth of investors for this product. The Assets were previously pledged as collateral under the Company's Revolving Credit Facility ("RBL") led by KeyBank National Association and represent the Company's first ABS transaction involving assets outside of its Appalachia operating area. Diversified will use the ABS proceeds to reduce its RBL borrowings resulting in liquidity of more than $400 million pro forma as of December 31, 2021.
Quick answer
Diversified Energy raised an undisclosed amount in a Funding Round round, dated February 24, 2022. Diversified Energy is based in Birmingham, Alabama, United States.
- How much did Diversified Energy raise?
- Diversified Energy raised an undisclosed amount in a Funding Round round on February 24, 2022.
- What does Diversified Energy do?
- Diversified Energy is a prominent energy company specializing in oil and gas exploration, production, and distribution.
- Where is Diversified Energy based and how big is it?
- Diversified Energy is based in Birmingham, Alabama, United States. Fundz records about 2,000 employees.
- Who are the decision-makers at Diversified Energy?
- Fundz holds 1 contact at Diversified Energy, including the Chief Executive Officer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Sustainability around the same time
Companies in the same sectors as Diversified Energy that raised within 45 days of this round, from Fundz verified event records.
- Modern Hydrogen raised $30M (Series B) on February 3, 2022.
- LG Energy Solution Ltd raised $1.4B on March 24, 2022.
- Antora Energy raised $50M (Funding Round) on February 16, 2022.
- Ellomay Capital raised an undisclosed amount (Funding Round) on January 21, 2022.
- Enerkem raised $255M (Funding Round) on April 6, 2022.
- Xpansiv raised $22M on April 5, 2022.
Who to call at Diversified Energy, and when
A new round usually means Diversified Energy is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Diversified Energy raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Diversified Energy, from your own LinkedIn network
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Diversified Energy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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