Centennial Resource Development,Inc. (NASDAQ:CDEV) Files An 8-K Other EventsItem 8.01. Other Events.
On November7, 2017, Centennial Resource Development,Inc. (the “Company”) commenced an underwritten public offering of an aggregate of 25,000,000 shares of ClassA common stock by Riverstone VI Centennial QB Holdings, L.P., REL US Centennial Holdings, LLC, Riverstone Non-ECI USRPI AIV, L.P., Silver Run Sponsor,LLC and Celero Energy Company, LP. (collectively, the “selling stockholders”). The selling stockholders have also granted the underwriters a 30-day option to purchase up to an aggregate of 3,750,000 additional shares of ClassA common stock. The selling stockholders have agreed to sell the number of shares listed below:
|
SellingStockholder |
Assumingthe Underwriter’sOptionto PurchaseAdditional SharesisNotExercised |
AssumingtheUnderwriter’s OptiontoPurchaseAdditional SharesisExercised in Full |
|
Riverstone VI Centennial QB Holdings, L.P. |
14,705,306 |
16,911,102 |
|
REL US Centennial Holdings, LLC |
4,346,633 |
4,998,628 |
|
Riverstone Non-ECI USRPI AIV, L.P. |
1,068,037 |
1,228,243 |
|
Silver Run Sponsor,LLC |
1,385,441 |
1,593,257 |
|
Celero Energy Company, LP |
3,494,583 |
4,018,770 |
Centennial will not sell any shares of ClassA common stock in the offering and will not receive any proceeds therefrom.