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Antero Resources amends revolver to lift borrowing base, commitments
By Jennifer Chiou
New York, May 7 - Antero Resources LLC entered into on May 4 an amendment to its credit agreement with JPMorgan Chase Bank, NA as administrative agent, augmenting the borrowing base to $1.55 billion from $1.2 billion and the lender commitments to $950 million from $850 million, according to an 8-K filing with the Securities and Exchange Commission.
The filing said that the amendment also increased the maximum amount of the credit agreement to $2.5 billion from $1.5 billion.
Antero is a Denver-based energy exploration and production company.
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