Antero Resources Announces $150 Million Additional Offering Of Senior Notes
DENVER, Jan. 30, 2013 /PRNewswire/ -- Antero Resources announced today that, subject to market conditions, it intends to offer $150 million in aggregate principal amount of additional 6% senior unsecured notes due 2020 in a private placement to eligible purchasers. The senior unsecured notes are being offered as additional senior unsecured notes under an indenture pursuant to which Antero issued $300 million in aggregate principal amount of its 6% senior unsecured notes due 2020 sold in a private placement on November 19, 2012. The additional senior unsecured notes and the notes issued on November 19, 2012 will have identical terms, other than the issue date, and will constitute part of the same series of securities.
Antero intends to use the net proceeds of this offering to repay a portion of the outstanding borrowings under its senior secured revolving credit facility.
The securities to be offered have not been registered under the Securities Act of 1933, as amended, (the "Securities Act"), or any state securities laws; and unless so registered, the securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The notes are expected to be eligible for trading by qualified institutional buyers under Rule 144A.
This press release is being issued pursuant to Rule 135c under the Securities Act, and is neither an offer to sell nor a solicitation of an offer to buy the notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV