Core Viewpoint - Diversified Energy Company announced the pricing of a secondary public offering of 7,501,585 shares of its common stock at a price of $14.45 per share, representing all remaining holdings of the Selling Stockholder [1][2]. Group 1: Secondary Offering Details - The Secondary Offering is being conducted by certain funds or entities managed by an affiliate of EIG, and Diversified will not offer any shares or receive any proceeds from this offering [2]. - The offering is expected to settle on March 11, 2026, subject to customary closing conditions, with Citigroup acting as the sole bookrunning manager [2]. Group 2: Share Repurchase - Following the completion of the Secondary Offering, Diversified has agreed to repurchase 3,750,000 shares of common stock from the underwriter at the same price per share as the Secondary Offering [1]. Group 3: Regulatory Filings - A shelf registration statement for the resale of these securities was filed with the U.S. Securities and Exchange Commission (SEC) on March 9, 2026, and became effective upon filing [3]. - A preliminary prospectus supplement and accompanying prospectus related to the Secondary Offering were filed with the SEC and are available for free on the SEC's website [3].
Diversified Energy Announces Pricing of Secondary Offering of Common Stock