Antero Resources plans to price $400 million tap of 5 1/8% senior notes due 2022 Thursday

By Paul A. Harris

Portland, Ore., Sept. 4 – Antero Resources Corp. plans to price a $400 million add-on to its 5 1/8% senior notes due Dec. 1, 2022 (existing ratings B1/BB-) Thursday, according to a market source.

The Rule 144A and Regulation S deal is in the market via a syndicate of banks that is being led by J.P. Morgan Securities LLC, the source added.

The Denver-based independent oil and natural gas company plans to use the proceeds to repay a portion of the outstanding borrowings under its credit facility.

The original $600 million issue priced at par on April 22, 2014.

The notes become callable after three years at 103.844.

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