New Issue: Antero Resources prices $300 million eight-year notes at par to yield 6%

By Paul A. Harris

Portland, Ore., Nov. 14 - Antero Resources Finance Corp. priced a $300 million issue of eight-year senior notes (B2/B+/) at par to yield 6% on Wednesday, according to a syndicate source.

The yield printed at the wide end of the 5¾% to 6% yield talk.

Wells Fargo Securities LLC was the left bookrunner for the quick-to-market deal.

J.P. Morgan Securities LLC, Barclays, Credit Agricole Securities (USA) Inc. and Citigroup Global Markets Inc. were the joint bookrunners.

Proceeds will be used to pay down the company's revolving credit facility.

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

Issuer:	Antero Resources Finance Corp.
Amount:	$300 million
Maturity:	Dec. 1, 2020
Securities:	Senior notes
Left bookrunner:	Wells Fargo Securities LLC
Joint bookrunners:	J.P. Morgan Securities LLC, Barclays, Credit Agricole Securities (USA) Inc., Citigroup Global Markets Inc.
Co-managers:	Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Mitsubishi UFJ Securities (USA) Inc., TD Securities (USA) LLC, BB&T Capital Markets, Capital One Southcoast Inc., Comerica Securities Inc., KeyBanc Capital Markets Inc., U.S. Bancorp Investments Inc.
Coupon:	6%
Price:	Par
Yield:	6%
Spread:	480 bps
First call:	Dec. 1, 2015 at 104.5
Equity clawback:	35% at 106 until Dec. 15, 2015
Trade date:	Nov. 14
Settlement date:	Nov. 19
Ratings:	Moody's: B2
	Standard & Poor's: B+
Distribution:	Rule 144A and Regulation S with registration rights
Marketing:	Quick to market

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