Antero Midstream ups lender commitments to $2 billion, cuts pricing

By Sarah Lizee

Olympia, Wash., Nov. 2 – Antero Midstream Partners LP amended its credit agreement on Wednesday to increase lender commitments to $2 billion, according to an 8-K filing with the Securities and Exchange Commission.

Also, under the amendment pricing was reduced to Libor plus a margin ranging from 125 basis points to 225 bps, depending on the consolidated total leverage ratio. The commitment fee ranges from 25 bps to 37.5 bps and is also based on leverage.

Wells Fargo Bank, NA is the administrative agent.

Antero Midstream is a Denver-based oil and gas company.

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