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Centennial Resource Announced Settlement of Offers to Exchange Any and All Outstanding 5.375% Senior Notes due 2026 and 6.875% Senior Notes due 2027

By Criterion Research
May 22, 2020 -

Centennial Resource Development has completed its exchange offers for its  5.375% Senior Notes due 2026 and  6.875% Senior Notes due 2027.  These notes were exchanged for up to $250 million aggregate principal amount of New 8.00% Second Lien Senior Secured Notes due 2025 (the “Second Lien Notes”) and up to $200 million aggregate principal amount of newly issued 8.00% Third Lien Senior Secured Notes due 2027.


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Categories
Oil and Gas
Upstream

Tags
Debt Financing Activities

Regions
Delaware Basin
Permian Basin

Countries
United States

States
New Mexico
Texas

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