Centennial Resource to repay revolver debt via new note offering

By Tali Rackner

Minneapolis, Nov. 13 – Centennial Resource Development, Inc. subsidiary Centennial Resource Production, LLC plans to repay all outstanding borrowings under its revolving credit facility using the proceeds from a private offering of senior unsecured notes due 2026, according to a press release.

Proceeds from the $350 million offering will also be used for general corporate purposes.

Denver-based Centennial Resource Production is an independent oil and natural gas company with properties in the core of the Southern Delaware Basin.

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