Antero Resources Announces Partial Redemption of its 7.25% Senior Notes due 2019
DENVER, Oct. 25, 2013 /PRNewswire/ -- Antero Resources Corporation (NYSE: AR) ("Antero") announced today that it intends to call for redemption $140.0 million of its outstanding 7.25% Senior Notes due 2019 (CUSIP No. 03674PAF0) (the "2019 Notes") at a price of 107.25% of the principal amount, plus accrued and unpaid interest to the redemption date. The partial redemption of the 2019 Notes will be funded with a portion of the proceeds of Antero's initial public offering, which was completed on October 16, 2013.
Antero expects that the redemption date will be the 30th day following the delivery of notice of the partial redemption by the trustee for the 2019 Notes. The selection of 2019 Notes to be redeemed will be made on a random lottery basis.
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. Antero's website is located at www.anteroresources.com.
SOURCE Antero Resources Corporation