Antero Resources to redeem 5 5/8% notes due 2023 with proceeds of new notes

By Rebecca Melvin

Concord, N.H., May 17 – Antero Resources Corp. plans to redeem its 5 5/8% senior notes due 2023 using the proceeds from a $500 million proposed offering of new senior notes due 2030, according to a company news release.

The company will also use borrowings under its revolving credit facility to fund the previously announced redemption.

The redemption will occur on June 1 at a price of par plus accrued interest.

The pricing of the new notes is not contingent on completion of the redemption.

The independent natural gas and natural gas liquids company is based in Denver.

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