Antero Resources to price $550 million 8.25-year notes on Wednesday

By Paul A. Harris

Portland, Ore., Dec. 7 – Antero Resources Corp. plans to price a $550 million offering of 8.25-year senior notes (expected ratings Ba3/BB) on Wednesday trailing a late-morning conference call with investors, according to a market source.

J.P. Morgan Securities LLC has the books for the Rule 144A and Regulation S offering.

The notes, which will mature in 2025, come with 3.25 years of call protection.

The Denver-based oil and gas company plans to use a portion of the proceeds to finance the redemption of its $525 million of outstanding 6% senior notes due 2020 with the remaining proceeds to be used for general corporate purposes.

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