Ascent Resources to pay down revolver borrowings with notes proceeds

By Sara Rosenberg

New York, June 9 – Ascent Resources Utica Holdings LLC plans to repay a portion of the outstanding borrowings under its revolving credit facility using proceeds from a $400 million senior notes offering, according to a market source.

The notes were upsized from $350 million.

Ascent Resources is an Oklahoma City-based producer of natural gas.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.