Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) CEO Rusty Hutson Jr. joined Proactive's Christine Corrado with details of a US$365 million sustainability-linked asset-backed securitisation (ABS) involving some of its Appalachian assets, which had previously been pledged as collateral under the company's Revolving Credit Facility (RBL) led by KeyBank National Association.
Hutson telling Proactive that the financing is an important one for Diversified Energy, allowing it to match its financing with its assets, fixing its cost of debt for a sustainable period.