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BRIEF-Centennial Resource Development announces commitments for private placement of equity
December 5, 2016 / 12:17 PM / a year ago

BRIEF-Centennial Resource Development announces commitments for private placement of equity

Dec 5 (Reuters) - Centennial Resource Development Inc:

* Centennial Resource Development announces commitments for $910 million private placement of equity

* Centennial resource development - third-party investors other than Riverstone will purchase $480 million of CDEV class A common stock at $14.54 per share

* Centennial Resource Development- Riverstone and affiliated funds will buy $430 million in CDEV class a common stock and convertible preferred shares

* Centennial Resource Development-expects to use portion of net proceeds to fully fund pending acquisition of upstream assets of silverback exploration Source text for Eikon: Further company coverage:

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