Antero to repurchase $150 million of 4.25% convertible senior notes

By Taylor Fox

New York, Jan. 7 – Antero Resources Corp. plans to repurchase $150 million of 4.25% convertible senior notes in privately negotiated transactions using proceeds from its offering of 31.4 million shares of common stock and $63 million in borrowings under the company’s revolving credit facility, according to a news release.

Following the note repurchase, $137.5 million of the convertible notes will be outstanding.

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

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