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CENTENNIAL RESOURCE DEVELOPMENT, INC.

(CDEV)
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CENTENNIAL RESOURCE DEVELOPMENT, INC. : Other Events (form 8-K)

03/29/2021 | 07:43am EDT

Item 8.01 Other Events. As previously reported in the Current Report on Form 8-K filed by Centennial Resource Development, Inc. (the "Company") on March 19, 2021, Centennial Resource Production, LLC ("CRP"), a wholly owned subsidiary of the Company, completed a public offering (the "Offering") of $150.0 million aggregate principal amount of 3.25% exchangeable senior notes due 2028 (the "Notes") on March 19, 2021.

In connection with the Offering, the underwriters were granted an option to purchase up to an additional $22.5 million aggregate principal amount of Notes to cover over-allotments, if any. On March 24, 2021, the underwriters exercised their over-allotment option and, on March 26, 2021, the underwriters purchased an additional $20.0 million in aggregate principal amount of Notes pursuant to their over-allotment option (the "Option Notes"), generating an additional $19.4 million of proceeds to CRP. As previously reported, CRP intends to use a portion of the net proceeds from the sale of the Option Notes to fund the cost of entering into additional capped call transactions, as well as to repay outstanding borrowings under CRP's revolving credit facility.

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© Edgar Online, source Glimpses

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Financials (USD)
Sales 2021 847 M - -
Net income 2021 70,4 M - -
Net Debt 2021 928 M - -
P/E ratio 2021 19,3x
Yield 2021 -
Capitalization 1 505 M 1 505 M -
EV / Sales 2021 2,87x
EV / Sales 2022 2,37x
Nbr of Employees -
Free-Float 62,8%
Chart CENTENNIAL RESOURCE DEVELOPMENT, INC.
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Centennial Resource Development, Inc. Technical Analysis Chart | CDEV | US15136A1025 | MarketScreener
Technical analysis trends CENTENNIAL RESOURCE DEVELOPMENT, INC.
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TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Last Close Price 5,39 $
Average target price 6,47 $
Spread / Average Target 20,1%
EPS Revisions
Managers and Directors
Sean R. Smith Chief Executive Officer & Director
George S. Glyphis Chief Financial Officer & Vice President
Steven J. Shapiro Non-Executive Chairman
Colleen C. Proctor Vice President-Information Technology
Matthew R. Garrison Chief Operating Officer & Vice President
Sector and Competitors