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Centennial Resource unit to offer $500M senior unsecured notes due 2027


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Centennial Resource unit to offer $500M senior unsecured notes due 2027

Texas-based Centennial Resource Development Inc said March 12 that its subsidiary Centennial Resource Production LLC commenced a $500 million offering of senior unsecured notes due 2027.

The subsidiary will use the proceeds to repay borrowings under its revolving credit facility and general corporate purposes.