Antero Resources amends credit agreement to allow prepayment of notes

By Angela McDaniels

Tacoma, Wash., Jan. 15 – Antero Resources Corp. amended its credit agreement on Jan. 12 to permit it to prepay its outstanding senior notes, so long as after the prepayment its aggregate credit exposure does not exceed 80% of the lender commitments under the credit agreement.

The lender commitments are currently $4 billion, according to an 8-K filing with the Securities and Exchange Commission.

The amendment also permits the company to convert or exchange its outstanding senior notes to equity interests of the company.

JPMorgan Chase Bank, NA is the administrative agent.

Antero Resources is an oil and gas company based in Denver.

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