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[STK] NYSE:AR
[IN] UTI OIL GAS FIN
[SU] OFR
-- WITH PHOTO -- TO BUSINESS, AND ENERGY EDITORS:
Antero Resources Announces Pricing of Upsized $600 Million Offering of
Senior Notes
DENVER, April 23, 2014 /PRNewswire/ -- Antero Resources Corporation
(NYSE: AR) ("Antero" or the "Company")announced today the pricing of
its private placement to eligible purchasers of $600 million in
aggregate principal amount of 5.125% senior unsecured notes due
December 2022 at par. The offering is expected to close on May 6,
2014, subject to customary closing conditions.
Antero estimates that it will receive net proceeds of approximately
$591.6 million, after deducting the initial purchasers' discounts and
estimated expenses, of which it intends to use $277.5 million to
finance the redemption of its outstanding 7.25% senior notes due 2019
and intends to use the remaining net proceeds to repay a portion of
the outstanding borrowings under its credit facility.
The securities to be offered have not been registered under the
Securities Act of 1933, as amended, (the "Securities Act"), or any
state securities laws; and unless so registered, the securities may
not be offered or sold in the United States except pursuant to an
exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act and applicable state securities
laws. The notes are expected to be eligible for trading by qualified
institutional buyers in the United States under Rule 144A and outside
the United States pursuant to Regulation S.
This press release is being issued pursuant to Rule 135c under the
Securities Act, and is neither an offer to sell nor a solicitation of
an offer to buy the notes or any other securities and shall not
constitute an offer to sell or a solicitation of an offer to buy, or a
sale of, the notes or any other securities in any jurisdiction in
which such offer, solicitation or sale is unlawful.
Antero Resources is an independent oil and natural gas company engaged
in the exploitation, development and acquisition of unconventional oil
and liquids-rich natural gas properties located in the Appalachian
Basin in West Virginia, Ohio and Pennsylvania.
Logo - http://photos.prnewswire.com/prnh/20131101/LA09101LOGO
SOURCE Antero Resources
-0- 04/23/2014
/CONTACT: Michael Kennedy - VP Finance, at (303) 357-6782 or mkennedy@anteroresources.com
/Photo: http://photos.prnewswire.com/prnh/20131101/LA09101LOGO
/Web Site: http://www.anteroresources.com
(NYSE:AR) /
CO: Antero Resources
ST: Colorado
IN: UTI OIL GAS FIN
SU: OFR
PRN
-- LA11441 --
0000 04/23/2014 20:05:00 EDT http://www.prnewswire.com
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