Antero Resources Corporation Launches Initial Public Offering

DENVER, Sept. 30, 2013 /PRNewswire/ -- Antero Resources Corporation (the "Company") today announced the commencement of its initial public offering of 30,000,000 shares of its common stock, at an anticipated initial public offering price between $38.00 and $42.00 per share, pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (the "SEC"). The selling stockholder named in the registration statement expects to grant the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of the Company's common stock held by the selling stockholder to cover over-allotments if the underwriters sell more than 30,000,000 shares of the Company's common stock.  The Company also expects to grant the underwriters a 30-day option to purchase up to an additional 750,000 shares of the Company's common stock held by the Company to cover over-allotments if the underwriters sell more than 33,750,000 shares of common stock. Any exercise by the underwriters of their options to purchase additional shares of common stock will be made initially with respect to the 3,750,000 additional shares of common stock to be sold by the selling stockholder and then with respect to the 750,000 additional shares of common stock to be sold by the Company. The Company has been approved to list its common shares on the New York Stock Exchange (NYSE) under the symbol "AR," subject to official notice of issuance.

Barclays, Citigroup, J.P. Morgan, Credit Suisse, Jefferies and Wells Fargo Securities will act as book running managers of the offering.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective.

This offering will be made only by means of a written prospectus. A copy of the preliminary prospectus for the offering may be obtained, when available, from:

Barclays
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
barclaysprospectus@broadridge.com
 
Toll-Free: (888) 603-5847

Citigroup
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
batprospectusdept@citi.com
 
Toll-Free: (800) 831-9146

J.P. Morgan
c/o Broadridge Financial Solutions 1155 Long Island Avenue
Edgewood, New York 11717
Toll-Free: (866) 803-9204




Credit Suisse
c/o Prospectus Department
One Madison Avenue, Level B1
New York, New York 10010 
newyork.prospectus@credit-suisse.com
Toll-Free: (800) 221-1037

Jefferies
c/o Equity Syndicate Prospectus Department
520 Madison Avenue
12th Floor
New York, New York 10022
Prospectus_Department@Jefferies.com

Toll-Free: (877) 547-6340

Wells Fargo Securities
c/o Equity Syndicate Department
375 Park Avenue
New York, New York 10152
cmclientsupport@wellsfargo.com 
Toll-Free: (800) 326-5897

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Antero Resources Corporation is an independent oil and natural gas company engaged in the exploitation, development and acquisition of unconventional oil and liquids-rich natural gas properties primarily located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania.

This release includes "forward-looking statements" within the meaning of federal securities laws. Such forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond Antero Resources Corporation's control. All statements, other than historical facts included in this release, are forward-looking statements. All forward-looking statements speak only as of the date of this release. Although the Company believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements.

We caution you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond our control, incident to the exploration for and development, production, gathering and sale of natural gas and oil. These risks include, but are not limited to, commodity price volatility, inflation, lack of availability of drilling and production equipment and services, environmental risks, drilling and other operating risks, regulatory changes, the uncertainty inherent in estimating natural gas and oil reserves and in projecting future rates of production, cash flow and access to capital, and the timing of development expenditures.

 

SOURCE Antero Resources Corporation



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