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Antero Resources to pay down credit facility with new notes
Chicago, Jan. 11 – Antero Resources Corp. plans to repay debt under its credit facility with the proceeds from a new issue of $700 million of 7 5/8% eight-year notes the company sold on Monday, according to a press release.
The company initially announced a deal size of $500 million and then upsized the offer.
The first part of the proceeds, $310.5 million, will be used to redeem the company’s 5 1/8% senior notes due 2022.
Antero Resources is a Denver-based gas and oil company.
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