You have accessed this news story:
CM - Centennial gets a $200MM borrowing base raise - May 2019
A spring redetermination put $200 million more borrowing capacity in the hands of Centennial Resource Production LLC, which increased its borrowing base to $1.2 billion. The facility, amended on April 26, also decreased the company’s revolver interest rates to a 125-225 bps spread over LIBOR from 150-250 bps, and applicable margins to 25-125 bps from 50-150 bps for base rate loans.Lenders will keep the rate reductions as long as the company complies with a leverage ratio of total funded......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.
PLS Web Client?Log in to proceed
|Sign up for PLS Reports
& Web Access!
Already subscribed to Reports?
Sign up for Web Access!