Antero Resources upsizes eight-year note offering to $350 million

By Paul A. Harris

St. Louis, Nov. 10 - Antero Resources Finance Corp. upsized to $350 million from $300 million its offering of eight-year senior notes on Tuesday, according to an informed source.

Price talk is expected on Thursday morning. The deal is set to price on Thursday afternoon.

J.P. Morgan Securities Inc., Barclays Capital Inc. and Wells Fargo Securities are joint bookrunners for the Rule 144A and Regulation S with registration rights offering.

Credit Suisse Securities, BNP Paribas Securities Corp., Calyon Securities, Deutsche Bank Securities Inc., Lloyds, Mitsubishi, US Bancorp, Comerica Investments and KeyBanc Capital Markets Inc. are co-managers.

The notes come with four years of call protection.

Credit ratings remain to be determined.

Proceeds will be used to repay bank debt.

Antero Resources is a Denver-based oil and gas company with properties primarily located in the Appalachian Basin, Arkoma Basin and Piceance Basin.

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