Business
Legado Capital Successfully Closes Diversified Energy Corporation's $400,000,000 Acquisition Financing ABS Transaction
Legado Capital Advisors, LLC is proud to announce the successful completion of Diversified Energy Corporation's (NYSE: DEC) $400 million ABS financing of the Canvas Energy acquisition. Legado Capital Advisors ("Legado"), an independent advisory and capital solutions firm, served as DEC's Structuring Agent and Debt Financial Advisor.
About this update from Diversified Energy Company
[{"type":"text","content":"DEC closes on MidCon acquisition using ABS for acquisition financing with support from Legado, marking DEC's 11th successful ABS financing.","length":148,"tagName":"p"},{"type":"text","content":"HOUSTON, Dec. 3, 2025 /PRNewswire/ -- Legado Capital Advisors, LLC is proud to announce the successful completion of Diversified Energy Corporation's (NYSE: DEC) $400 million ABS financing of the Canvas Energy acquisition. Legado Capital Advisors ("Legado"), an independent advisory and capital solutions firm, served as DEC's Structuring Agent and Debt Financial Advisor.","length":405,"tagName":"p"},{"type":"image","alt":"SCOOP/STACK Production","displaySize":"","headline":null,"caption":"SCOOP/STACK Production","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":197,"url":"https://media.zenfs.com/en/prnewswire.com/bf425914f2bdd42d8654c242c1d7e008"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/t8N4a4SQhooOsxuY4S52kA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM0NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/bf425914f2bdd42d8654c242c1d7e008","width":400,"height":197}},"href":"https://mma.prnewswire.com/media/2836845/Legado_Capital_Closes_Acquisition_Financing_ABS_Transaction.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""It was a pleasure to have worked on this transformative financing with the Diversified team as this ABS was used for direct Acquisition financing without the need of a Bridge Facility, saving time, costs, and ensuring a seamless closing," said Victor Mendoza, Head of Legado Capital Advisors. "This demonstrates the impact and benefits of the ABS product, and it will enable buyers to optimize their cost of capital when looking at acquisitions and sellers to receive top dollar for their assets".","length":533,"tagName":"p"},{"type":"text","content":"Highlights on the ABS:","length":22,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"$400 million ABS XI note structured as master trust","length":56,"tagName":"p"}]},{"val":[{"type":"text","content":"Private asset backed securitization leveraging DEC's previously announced strategic partnership with The Carlye Group","length":126,"tagName":"p"}]},{"val":[{"type":"text","content":"A tranche notes priced at...