Antero Resources announces results of any-and-all part of tender offer

Chicago, Aug. 10 – Antero Resources Corp. announced the results of its any-and-all offer for its $285,548,000 outstanding 8 3/8% senior notes due 2026 (Cusip: 03674XAN6, U0018LAF7), according to a press release Wednesday evening.

As of the 5 p.m. ET Aug. 10 expiration time, noteholders tendered $181,656,000 of their 8 3/8% notes. The amount excludes $2,803,000 principal amount of notes tendered via guaranteed delivery.

Settlement is planned for Aug. 11 and for Aug. 15 for the notes tendered via guaranteed delivery.

As previously reported, noteholders are receiving a total consideration of $1,090 for each $1,000 principal amount of 2026 notes. Interest will also be paid to the settlement date.

Funding for the tendered notes will come from cash on hand and/or borrowings under the company’s revolving credit facility.

The company also is also currently conducting a capped offer for the $534 million outstanding 7 5/8% senior notes due 2029 (Cusip: 03674XAQ9, U0018LAG5). That offer expires at 11:59 p.m. ET on Aug. 31.

Wells Fargo Securities, LLC (866 309-6316 or 704 410-4756) is acting as lead dealer manager. Truist Securities, Inc. and CIBC World Capital Markets Corp. are acting as co-dealer managers.

Ipreo LLC (888 593-9546, 212 849-3880 or ipreo-tenderoffer@ihsmarkit.com) is acting as tender agent and information agent for the offers.

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

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