Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has announced its undertaking a series of fixed-income investor calls, as a precursor to a potential loan note financing.
In a stock market statement, it said that DNB Markets has been engaged as sole bookrunner and the investor calls would being 24 March.
It expects to offer ‘four-year US$ denominated senior secured notes’, and, proceeds are intended to repay existing debt as well as provide general corporate capital.