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Antero Midstream talks $400 million long five-year notes to yield 7¾%-8%; pricing Thursday
By Abigail W. Adams
Portland, Me., Nov. 5 – Antero Midstream Corp. talked its $400 million long five-year senior notes (B3/B) to yield 7¾% to 8%, according to a market source.
Initial guidance was in the low 8% area.
Books close at 2 p.m. ET with the deal pricing thereafter.
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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