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Antero Launches $250MM Private Debt Offering

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   |    Friday,August 21,2020

Antero Resources Corp. has launched an offering of $250 million in convertible 4.25% senior notes due 2026 in a private placement to eligible purchasers.

The Company also expects to grant the initial purchasers of the Notes a 30-day option to purchase up to an additional $50 million aggregate principal amount of the Notes.

The Company intends to use the net proceeds from the offering (including any additional net proceeds if the initial purchasers exercise their option to purchase additional Notes) to repay indebtedness under the Company's credit facility, which amounts may be reborrowed at any time, including to fund the pending senior note tender offers.

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