Antero Midstream to sell $400 million long five-year notes Thursday; early whisper low 8% area

By Abigail W. Adams

Portland, Me., Nov. 5 – Antero Midstream Corp. plans to price $400 million long five-year senior notes (B3/B) in a Thursday drive-by with initial guidance in the low 8% area, according to market sources.

J.P. Morgan Securities LLC is leading the Rule 144A and Regulation S offering.

The notes have 2.5 years of call protection.

Proceeds will be used to repay a portion of borrowings under the company’s credit facility.

Antero Midstream is a Denver-based midstream oil and gas company.

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