Each one in plain English, with the numbers worked through for a shareholder.
19 Mar 2021debt financing▲ GoodMajor
As the oil market recovered, Centennial issued $150 million of new 3.25% exchangeable senior notes due 2028, convertible into Centennial common stock - its first equity-linked debt issuance and a lower-cost financing option than its prior secured notes.
Silver Run Sponsor, LLC, Silver Run Sponsor Manager, LLC, REL US Centennial Holdings, LLC, REL IP General Partner LP, REL IP General Partner Limited, Riverstone Energy Limited Investment Holdings, LP, Riverstone Non-ECI USRPI AIV, L.P, Riverstone Non-ECI USRPI AIV GP, L.L.C, Riverstone Non-ECI GP Cayman LLC, Riverstone Non-ECI GP Ltd, Riverstone VI Centennial QB Holdings, L.P, Riverstone Energy Partners VI, L.P, Riverstone Energy GP VI, LLC, Riverstone Energy GP VI Corp, Riverstone Holdings LLC, Riverstone/Gower Mgmt Co Holdings, L.P, Riverstone Management Group, L.L.C, David M. Leuschen, Pierre F. Lapeyre, Jr reported a Permian Resources Corp shareholding of 88,558,499 shares (31.00% of votes) in a periodic institutional filing.
Prescott Group Capital Management, L.L.C, Prescott Group Aggressive Small Cap, L.P, Prescott Group Aggressive Small Cap II, L.P, Prescott Group Aggressive Small Cap Master Fund, G.P, Phil Frohlich reported a Permian Resources Corp shareholding of 10,274,689 shares (3.70% of votes) in a periodic institutional filing.
Centennial's bank lenders reaffirmed its $700 million borrowing base at the scheduled fall redetermination, and the company reported improved liquidity after paying down $15 million of revolver debt in the third quarter as oil prices began recovering.