Antero Resources to redeem all 9 3/8% senior notes due 2017

New York, Nov. 1 - Antero Resources Corp. said it has called for redemption all of its outstanding 9 3/8% senior notes due 2017.

The company will pay 104.688 for the debt plus accrued interest up to the redemption date, which will be Dec. 1. Payment will be made the following day since Dec. 1 is a Sunday.

Funding for the call will come from Antero's recent sale of 5 3/8% senior notes due 2021. That $1 billion offering priced at par on Oct. 24 and is scheduled to settle on Nov. 5.

Antero is a Denver-based oil and natural gas company which exploits, develops and acquires unconventional oil and liquids-rich natural gas properties in the Appalachian Basin in West Virginia, Ohio and Pennsylvania.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.