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Antero Resources Prices $500M Notes

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Antero Resources Corporation announced the pricing of its private placement to eligible purchasers of $500 million in aggregate principal amount of 8.375% senior unsecured notes due 2026 at par. Antero Resources estimates that it will receive net proceeds of approximately $494 million, after deducting the initial purchasers’ discounts and estimated expenses. The Company intends to use a portion of the net proceeds from the offering to fund the redemption of $350 million aggregate principal amount of its 5.125% senior notes due 2022 at par plus accrued interest and to use the remaining net proceeds to repay borrowings under its credit facility.

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