Paul Hastings Advises Carlyle in Asset-Backed Financing of Diversified Energy’s $1.8 Billion Acquisition of Birch

Paul Hastings LLP advised Carlyle in connection with their asset-backed securitization financing of approximately $1.5 billion for Diversified Energy Company’s acquisition of Birch Permian Holdings Inc., a leading independent oil and gas producer with operations in the Permian Basin, from affiliates of Elliott Investment Management L.P. The acquisition, valued at approximately $1.8 billion, is expected to close during the fourth quarter of 2026, subject to customary closing conditions.

Private Equity partner Ryan LaForce led the Paul Hastings team, which included Asset-Backed Finance co-chair Shawn Kodes.

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