Antero Resources preps $150 million tap of 6% notes due 2020 Wednesday

By Paul A. Harris and Aleesia Forni

Columbus, Ohio, Jan. 30 - Antero Resources Finance Corp. intends to sell a $150 million add-on to its 6% senior notes due Dec. 1, 2020 (existing ratings B2/B+), according to a market source.

J.P. Morgan Securities LLC, Wells Fargo Securities LLC, Barclays, Citigroup Global Markets Inc. and Mitsubishi UFJ Securities (USA) Inc. are the joint bookrunners.

Capital One, Comerica, Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC and TD Securities (USA) LLC are the senior co-managers.

BB&T Capital Markets, Fifth Third Securities Inc., KeyBanc Capital Markets LLC, Lloyds Securities LLC and U.S. Bancorp Investments Inc. are the co-managers.

The Rule 144A with registration rights notes carry a first call on Dec. 1, 2015 at 104.5.

Proceeds will be used to repay a portion of the company's revolving credit facility.

The Denver-based independent oil and gas company priced the original $300 million issue at par on Nov. 14, 2012.

The add-on notes will be immediately fungible with the existing notes.

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