Antero Midstream whispers $500 million eight-year notes at 5¾%; pricing expected Thursday

By Paul A. Harris

Portland, Ore., Sept. 6 – Antero Midstream Partners LP plans to price a $500 million offering of eight-year senior notes on Thursday, according to a market source.

Early guidance has the deal coming with a yield of 5¾%.

J.P. Morgan Securities LLC is the lead bookrunner.

The Denver-based limited partnership plans to use the proceeds to repay bank debt.

Antero Midstream owns, operates and develops midstream gathering and compression assets located in West Virginia, Ohio and Pennsylvania, as well as integrated water assets that primarily service Antero Resources' properties located in West Virginia and Ohio.

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