Antero Resources to pay down credit facility via common stock offering

By Tali Rackner

Norfolk, Va., March 5 – Antero Resources Corp. plans to repay a portion of the outstanding borrowings under its credit facility with the proceeds from a public offering of common stock, according to a press release.

The company announced on Thursday an upsized offering of 13.1 million shares, or about $485 million, of common stock with an over-allotment option for 1.9 million shares.

The offering is expected to close on March 10.

The oil and gas company is based in Denver.

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