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Sidley Advises Diversified Energy Company on Secondary Offering of Common Shares
March 10, 2026
Sidley represented Diversified Energy Company (Diversified) (LON:DEC, NYSE: DEC) in connection with the secondary public offering of 7,501,585 shares of common stock (Shares) by certain funds or entities managed by an affiliate of EIG, raising gross proceeds of approximately US$110 million. In connection with the offering, Diversified has agreed to purchase 3,750,000 Shares.
Diversified is a leading publicly traded energy company focused on acquiring, operating, and optimising cash generating energy assets. Diversified is the single largest operator of established producing wells in the United States, and dual listed on the London and New York Stock Exchanges.
The secondary offering is expected to settle on March 11, 2026, subject to customary closing conditions.
The Sidley team was led in London by Capital Markets partner James Inness, alongside Omar Shafi (Capital Markets) and Avi Kaye (Tax).
Diversified is a leading publicly traded energy company focused on acquiring, operating, and optimising cash generating energy assets. Diversified is the single largest operator of established producing wells in the United States, and dual listed on the London and New York Stock Exchanges.
The secondary offering is expected to settle on March 11, 2026, subject to customary closing conditions.
The Sidley team was led in London by Capital Markets partner James Inness, alongside Omar Shafi (Capital Markets) and Avi Kaye (Tax).
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