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BIRMINGHAM, Ala. - Diversified Energy Company PLC (LSE:DEC; NYSE:DEC) announced Tuesday that certain shareholders have launched an underwritten public secondary offering of 5,713,353 ordinary shares in the United States.
The selling stockholders include funds managed by EIG, FS/EIG Advisor, LLC, and FS/KKR Advisor, LLC. These entities will receive all proceeds from the sale, as Diversified Energy is not offering any shares and will not receive any proceeds from the transaction.
The underwriters will have a 30-day option to purchase up to an additional 857,002 ordinary shares. Additionally, the Diversified Employee Benefit Trust has indicated interest in purchasing up to 750,000 shares at the public offering price, though no commitment has been made.
Mizuho Securities USA LLC and Raymond James & Associates are serving as joint book-running managers and representatives of the underwriters, with Citigroup also acting as a joint book-running manager.
The offering will be made through a prospectus supplement and accompanying prospectus related to a shelf registration statement filed with the U.S. Securities and Exchange Commission on May 16, 2025.
Diversified Energy describes itself as a publicly traded energy company that acquires and manages natural gas and liquids production assets. The company’s strategy involves improving environmental and operational performance of these assets until their eventual retirement.
This article is based on a press release statement from Diversified Energy Company PLC.
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