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Antero Resources seeks $200 million second-lien term loan
By Sara Rosenberg
New York, March 21 - Antero Resources Corp. is currently in market with a $200 million second-lien term loan, according to a market source.
Lehman Brothers and Credit Suisse are the lead banks on the deal that was launched with a bank meeting on Tuesday.
The term loan is being talked at Libor plus 450 basis points with call protection of 102 in year one and 101 in year two, the source said.
Proceeds will be used to refinance debt under the company's existing revolving credit facility and provide liquidity for continued development.
Antero is a Denver-based oil and gas company.
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