Finance - Redemptions
On April 6, the proceeds will redeem US$700 million in long-term debt that matures in 2017 and CA$750 million in long-term debt that matures in 2018.
The redemption price will be 100% of the principal amount, plus accrued and unpaid interest to, but not including, the redemption date of $0.17 per $25.
The notes will be redeemed on Oct. 23, the company said.
They will be redeemed on June 26, Range said.
The redemption price will be 103.813% of the notes’ principal amount, plus accrued and unpaid interest, NRG said.
Payments pursuant to the redemption are scheduled to be made April 28, the company added.
Additional equity came from Rock Oil’s management team, the company added.
The notes are worth $150 million in aggregate principal amount, and the redemption price equals 104.125% of this amount, the company said.
ONEOK Inc. redeemed all its outstanding 5.2% senior notes, worth $400 million, due 2015, the company said Feb. 3.
Shares from 2008 were part of failed bought-deal financing
The redemption of the 2017 notes will be funded with a portion of the proceeds of Antero's offering of 5.375% senior notes due 2021.
The partial redemption of the 2019 notes will be funded with a portion of the proceeds of Antero's initial public offering, which was completed on Oct. 16.