Post by icemandios on Nov 6, 2020 0:53:57 GMT
Antero Midstream Announces Pricing of Upsized $550 Million Offering of Senior Notes
DENVER , Nov. 5, 2020 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream") announced today the pricing of the private placement by Antero Midstream Partners LP ("Antero Midstream Partners"), an indirect, wholly owned subsidiary of Antero Midstream, to eligible purchasers of $550 million in aggregate principal amount of 7.875% senior unsecured notes due 2026 at par (the "Notes"). The offering is expected to close on November 10, 2020 , subject to customary closing conditions.
Antero Midstream estimates that proceeds of the offering will be approximately $544 million , after deducting the initial purchasers' discounts and estimated expenses, which Antero Midstream Partners intends to use to repay a portion of the outstanding borrowings under its credit facility.
The Notes 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, 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 under Rule 144A of the Securities Act and outside the United States pursuant to Regulation S of the Securities Act.
This press release 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 Midstream Corporation is a Delaware corporation that owns, operates and develops midstream gathering, compression, processing and fractionation assets located in West Virginia and Ohio , as well as integrated water assets that primarily service Antero Resources Corporation's properties.
DENVER , Nov. 5, 2020 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream") announced today the pricing of the private placement by Antero Midstream Partners LP ("Antero Midstream Partners"), an indirect, wholly owned subsidiary of Antero Midstream, to eligible purchasers of $550 million in aggregate principal amount of 7.875% senior unsecured notes due 2026 at par (the "Notes"). The offering is expected to close on November 10, 2020 , subject to customary closing conditions.
Antero Midstream estimates that proceeds of the offering will be approximately $544 million , after deducting the initial purchasers' discounts and estimated expenses, which Antero Midstream Partners intends to use to repay a portion of the outstanding borrowings under its credit facility.
The Notes 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, 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 under Rule 144A of the Securities Act and outside the United States pursuant to Regulation S of the Securities Act.
This press release 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 Midstream Corporation is a Delaware corporation that owns, operates and develops midstream gathering, compression, processing and fractionation assets located in West Virginia and Ohio , as well as integrated water assets that primarily service Antero Resources Corporation's properties.