Antero Resources Corp. (NYSE: AR) intends to call for redemption $140 million of its outstanding 7.25% senior notes due 2019 at 107.25% of the principal amount, plus accrued and unpaid interest to the redemption date.
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.
Antero expects that the redemption date will be the 30th day following the delivery of notice of the partial redemption by the trustee for the 2019 notes. The selection of 2019 notes to be redeemed will be made on a random lottery basis.
Antero Resources Corp. is an independent energy company engaged in the exploitation, development and acquisition of unconventional oil and liquids-rich natural gas properties primarily located in the Appalachian Basin. The company is based in Denver.
Recommended Reading
Hess Midstream Announces 10 Million Share Secondary Offering
2024-02-07 - Global Infrastructure Partners, a Hess Midstream affiliate, will act as the selling shareholder and Hess Midstream will not receive proceeds from the public offering of shares.
EQT CEO: Biden's LNG Pause Mirrors Midstream ‘Playbook’ of Delay, Doubt
2024-02-06 - At a Congressional hearing, EQT CEO Toby Rice blasted the Biden administration and said the same tactics used to stifle pipeline construction—by introducing delays and uncertainty—appear to be behind President Joe Biden’s pause on LNG terminal permitting.
TC Energy’s Keystone Back Online After Temporary Service Halt
2024-03-10 - As Canada’s pipeline network runs full, producers are anxious for the Trans Mountain Expansion to come online.
Enbridge Announces $500MM Investment in Gulf Coast Facilities
2024-03-06 - Enbridge’s 2024 budget will go primarily towards crude export and storage, advancing plans that see continued growth in power generated by natural gas.
Plains All American Names Michelle Podavin Midstream Canada President
2024-03-05 - Michelle Podavin, who currently serves as senior vice president of NGL commercial assets for Plains Midstream Canada, will become president of the business unit in June.