Antero Midstream to price $600 million 8.5-year notes on Tuesday

By Paul A. Harris

Portland, Ore., June 25 – Antero Midstream Partners LP plans to price a $600 million offering of 8.5-year senior notes (existing ratings Ba3/BB+) in a quick-to-market Tuesday trade following a late-morning conference call with investors, according to a market source.

Initial price talk is in the 5¾% area.

J.P. Morgan Securities LLC, Wells Fargo Securities LLC, BofA Securities Inc., Capital One Securities Inc., Credit Agricole CIB and Scotia Capital are the joint bookrunners.

The Rule 144A and Regulation S for life notes come with 3.5 years of call protection.

The Denver-based oil and gas company plans to use the proceeds to repay bank debt.

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