Antero Resources to repay some revolver borrowings via stock proceeds

By Tali Rackner

Norfolk, Va., Oct. 4 – Antero Resources Corp. plans to repay a portion of outstanding borrowings under its revolving credit facility with the proceeds from a $175 million grossing common stock subscription agreement, according to an 8-K filing with the Securities and Exchange Commission.

Proceeds will also be used for general corporate purposes.

Antero Resources is an oil and gas company based in Denver.

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