Antero Resources is selling $400 million of senior unsecured notes. The independent exploration and production company’s notes will mature in 2019 at a 7.25% yield.
The net proceeds will be used to repay outstanding borrowings under Antero’s senior secured revolving credit facility and for general corporate purposes, including potential acquisitions of additional properties in core areas. The company was initially looking to raise $300 million.
Click here for the release from PRNewswire.