Antero Resources amends loan, lifting size and borrowing base

By Sara Rosenberg

New York, Oct. 26 - Antero Resources LLC amended its credit facility, increasing the size to $950 million from $750 million and the borrowing base to $1.65 billion from $1.35 billion, according to an 8-K filed Friday with the Securities and Exchange Commission.

In addition, the amendment allows the company to enter into hedging arrangements with a term of longer than 60 months under certain conditions.

The amendment was completed on Oct. 25.

J.P. Morgan Chase Bank is the administrative agent on the deal.

Antero is a Denver-based energy exploration and production company.

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