Centennial Resource Development Inc.
Centennial Resource Development Inc. said that its subsidiary, Centennial Resource Production LLC, has priced its previously announced private offering of senior unsecured notes due 2027. The 2027 notes, which priced at 99.235% of the aggregate principal amount, will mature on April 1, 2027 and will pay interest at an annual rate of 6.875%. The 2027 notes will be guaranteed on a senior unsecured basis by each of CRP's current subsidiaries that guarantee CRP’s revolving credit facility and by certain future subsidiaries. Centennial will not guarantee the 2027 notes.