Moody’s gives Ba3 to Antero notes

Moody's Investors Service said it assigned a Ba3 rating to Antero Resources Corp.’s proposed $550 million senior unsecured notes due 2025.

The company’s other ratings and outlook were unchanged.

Net proceeds will be used primarily to repay Antero's $525 million 2020 notes and any remaining balance will be used for general corporate purposes.

"This is s leverage neutral transaction which will push Antero's nearest maturity to 2021," Moody's senior analyst Sajjad Alam said in a news release.

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