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Centennial Resource Development Inc. has finalized a ~$450 million debt swap transaction.
Centennial offered to all eligible holders to exchange any and all of their outstanding 5.375% Senior Notes due 2026 and 6.875% Senior Notes due 2027 for up to $250 million aggregate principal amount of newly issued 8.00% Second Lien Senior Secured Notes due 2025 and up to $200 million aggregate principal amount of newly issued 8.00% Third Lien Senior Secured Notes due 2027.
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