Diversified Energy Co 8-K

What Happened
Diversified Energy Company (DEC) announced on January 23, 2026 that it intends to engage in discussions with potential investors regarding a contemplated tap-on offering of a minimum of $100 million of 9.75% senior secured bonds due 2029. The Bonds would be issued by its wholly owned subsidiary, Diversified Gas & Oil Corporation, in the Nordic bond market and are subject to market conditions. DEC previously issued $300 million of the same bonds in April 2025. The company intends to use net proceeds for general corporate purposes. The press release is attached as Exhibit 99.1 to the 8-K.

Key Details

• Issuer: Diversified Gas & Oil Corporation (wholly owned subsidiary of DEC).
• Security: 9.75% senior secured bonds due 2029; contemplated minimum tap size $100 million.
• Prior issuance: $300 million of these bonds were issued in April 2025 (so completion would raise outstanding principal to at least $400 million).
• Offering terms: Targeted in the Nordic bond market; in the U.S. the offering (if made) would be to Qualified Institutional Buyers under Rule 144A and would not be registered under the U.S. Securities Act.

Why It Matters
This filing notifies investors that DEC is exploring additional debt issuance of the same high‑yield bonds it issued in 2025. If completed, the tap would increase the outstanding principal of these 9.75% bonds and provide additional liquidity for general corporate purposes. The transaction is subject to market conditions and regulatory limitations (including non-registration in the U.S.), so it is a potential financing option rather than a completed deal.