08:11 AM EDT, 06/07/2024 (MT Newswires) -- Diversified Energy Company PLC ( DEC ) said Friday it has completed its acquisition of the proportionate working interest in certain assets from Oaktree Capital Management.

The acquisition price was $410 million before customary purchase price adjustments, with a net purchase price of $377 million after customary purchase price adjustments, the company said.

Diversified Energy ( DEC ) said it also completed an acquisition-related redetermination of the borrowing base of its revolving credit facility. This resulted in an $80 million increase in the company's borrowing base to $385 million and estimated post-transaction liquidity of approximately $130 million.