India, Sept. 3 -- Diversified Energy Company (DEC,DEC.L), an oil and gas company, said that it has inked a deal to acquire Birch Permian Holdings, Inc. and certain affiliated companies from the affiliates of Elliott Investment Management L.P. for $1.8 billion.
The acquisition will be primarily funded through an issuance of an asset-backed securitization of approximately $1.5 billion through the acquirer's partnership with Carlyle's Asset-Backed Finance and Capital Markets teams, along with other customary financing sources. The acquisition is anticipated to be closed during the fourth quarter of 2026.
Rusty Hutson, Jr., CEO of Diversified Energy said: "This transaction will establish Diversified as a scaled operator in the nation's most i...