多元化能源公司 (Diversified Energy Co. Plc) 2 月 27 日表示，已与Summit Natural Resources达成交易，以约 4200 万美元收购运营天然气资产和中游基础设施。

这些资产位于弗吉尼亚州、西弗吉尼亚州和阿拉巴马州的阿巴拉契亚盆地，与多元化公司现有的业务重叠，包括煤矿瓦斯。

首席执行官 Rusty Hutson Jr. 表示，此次收购受益于“通过享受 Transco Zone 5 的溢价，可以获得更高的价格，而且随着煤矿甲烷产量的增长，Diversified 还准备通过出售增量环境信用额来获得额外收入”。

“我们仍然相信，在我们目前的阿巴拉契亚投资组合中，有机煤矿甲烷现金流增长有大量积压，此次收购凸显了我们利用现有能力、资产和智力资本来增加这部分收入的能力。”

该交易最初于 1 月宣布，收购价格约为 4500 万美元。Detring Energy Advisors为 Summit Natural Resources 提供了交易咨询服务。

Diversified 还宣布完成一笔价值 5.3 亿美元的资产支持证券化，即 ABS X 票据，该票据将使用 Summit 资产作为抵押品。Diversified 表示，该票据采用主信托结构，包括战略对冲，预计将为再融资资产的 EBITDA 增加约 3800 万美元。

ABS 交易的收益将用于合并和偿还先前发行的 ABS I、ABS II 和定期贷款 1 的未偿还本金，这些本金也将用作 ABS 的抵押品。 

“此次 ABS 交易的需求创下了历史新高，吸引了大量新参与者的兴趣。此次战略再融资通过提高对冲价格和更精细的摊销计划改善了资产水平现金流，”首席财务官 Brad Gray 表示。“我们不断扩大的运营规模、稳定的资产表现记录以及业务实力使我们能够吸引可靠的资本来源并降低总体资本成本。”

巴克莱资本公司担任独家结构顾问和配售代理；瑞穗证券美国有限责任公司、KeyBanc 资本市场公司和 Legado 资本顾问有限责任公司担任证券化的共同配售代理。

Diversified Energy Co. Plc has closed its deal with Summit Natural Resources to buy operated natural gas assets and midstream infrastructure for approximately $42 million, the company said Feb. 27.

The assets, located in the Appalachian Basin in Virginia, West Virginia and Alabama, overlap Diversified’s existing operations and include coal mine methane volumes.

The acquisition benefits from “higher prices with exposure to premium Transco Zone 5 pricing, and [Diversified is] poised to provide additional revenues from the sale of incremental environmental credits with our growth in the production of coal mine methane,” said CEO Rusty Hutson Jr.

“We continue to believe there is a sizeable backlog of organic coal mine methane cash flow growth within our current Appalachian portfolio, and this acquisition highlights our ability to leverage existing capabilities, assets and intellectual capital to grow this segment of our revenue stream.”

The deal was originally announced in January for a purchase price of about $45 million. Detring Energy Advisors advised Summit Natural Resources on the transaction.

Diversified also announced the closing of a $530 million asset backed securitization, the ABS X note, which will use the Summit assets as collateral. The note is structured as a master trust and includes strategic hedges which are expected to add about $38 million to EBITDA of refinanced assets, Diversified said.

Proceeds from the ABS transaction will be used to consolidate and repay the outstanding principal of the previously issued ABS I, ABS II and Term Loan 1, which will also be used as collateral in the ABS. 

“This ABS transaction achieved record demand with a significant amount of interest from a large group of new participants. This strategic refinance improves asset level cash flow with higher hedge prices and a more refined amortization schedule,” said CFO Brad Gray. “Our increasing operational scale, track record of stable asset performance, and strength of our business enable us to attract reliable sources of capital and achieve a lower overall cost of capital."

Barclays Capital Inc. acted as sole structuring adviser and placement agent; Mizuho Securities USA LLC, KeyBanc Capital Markets Inc. and Legado Capital Advisors LLC acted as co-placement agents for the securitization.