Deal sells 12,898,000 common units at about $18.84 each via Barclays
By Devika Patel
Knoxville, Tenn., Sept. 18 – Antero Midstream Partners LP said it will raise about $243 million in a private placement of common units. Barclays is the agent.
The company will sell 12,898,000 common units at about $18.84 per unit to funds managed by Kayne Anderson Capital Advisors, LP. The price per unit is a 7.01% discount to the Sept. 17 closing share price of $20.26.
Settlement is expected Friday.
Antero is an oil and gas company based in Denver.
| Issuer: | Antero Midstream Partners LP
|
| Issue: | Common units
|
| Amount: | $243 million (approximate)
|
| Units: | 12,898,000
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| Price: | $18.84 (approximate)
|
| Warrants: | No
|
| Agent: | Barclays
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| Settlement date: | Sept. 18
|
| Stock symbol: | NYSE: AM
|
| Stock price: | $20.26 at close Sept. 17
|
| Market capitalization: | $3.26 billion
|
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