ASCENT RESOURCES UTICA HOLDINGS, LLC ANNOUNCES PRIVATE PLACEMENT OF SENIOR NOTES

OKLAHOMA CITY, Oct. 10, 2025 /PRNewswire/ -- Ascent Resources Utica Holdings, LLC (together with its subsidiaries, "Ascent" or the "Company") today announced that it has entered into a definitive note purchase agreement providing for a private placement of an additional $101.0 million in aggregate principal amount of its existing 5.875% senior unsecured notes due 2029 (the "Additional Notes"). The Additional Notes will be issued at a price of 99.26% of their principal amount, plus accrued and unpaid interest from September 1, 2025. Ascent intends to use the net proceeds from this private placement to pay down borrowings under its revolving credit facility.

The Additional Notes are an add-on issuance to the $400.0 million aggregate principal amount of 5.875% senior unsecured notes due 2029 that were issued by Ascent on June 14, 2021 (the "Initial Notes" and together with the Additional Notes, the "2029 Notes"). The Additional Notes will form a single series with, have the same terms (other than the initial price and issue date), trade under the same CUSIP number as, and are expected to be fungible for trading purposes with, the Initial Notes. Following the completion of this private placement, the aggregate principal amount of the 2029 Notes outstanding will be $500.0 million. The private placement is expected to close on October 14, 2025, subject to customary closing conditions.

The Additional Notes have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state or other jurisdiction's securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state or other jurisdictions' securities laws. The Additional Notes, when issued, will be sold in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act.

This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer or sale of, the Additional Notes or any other securities in any state or other jurisdiction where, or to any person to whom, the offer, solicitation, or sale of these securities would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Ascent Resources:

Ascent is one of the largest private producers of natural gas in the United States and is focused on acquiring, developing, and operating natural gas and oil properties located in the Utica Shale in southern Ohio. With a continued focus on good corporate citizenship, Ascent is committed to delivering cleaner burning, affordable energy to our country and the world, while reducing environmental impacts.

Forward-Looking and Cautionary Statements:

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included in this press release regarding, among other things, the private placement, including the expected closing date thereof and the anticipated use of the net proceeds therefrom.

Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control, including, but not limited to, market risks and uncertainties, including those which might affect the private placement. Should one or more of these risks or uncertainties occur, or should any underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. All forward-looking statements, expressed or implied, included in this press release are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue.

Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release.

Contact:

Chris Benton
Vice President – Finance and Investor Relations
405-252-7850
[email protected]

SOURCE Ascent Resources Utica Holdings, LLC