DENVER, Sept. 8, 2016 /PRNewswire/ -- Antero
Midstream Partners LP (NYSE: AM) ("Antero Midstream" or the
"Partnership") announced today the pricing of its private placement
to eligible purchasers of $650
million in aggregate principal amount of 5.375% senior
unsecured notes due 2024 at par. The offering is expected to
close on September 13, 2016, subject
to customary closing conditions.
Antero Midstream estimates that it will receive net proceeds of
approximately $640 million, after
deducting the initial purchaser's discounts and estimated expenses,
which it intends to use to repay a portion of the outstanding
borrowings under its credit facility.
The securities 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, the securities 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 and outside the
United States pursuant to Regulation S.
This press release is being issued pursuant to Rule 135c under
the Securities Act, and 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 Partners LP is a limited partnership that
owns, operates and develops midstream gathering and compression
assets located in West Virginia,
Ohio and Pennsylvania, as well as integrated water
assets that primarily service Antero Resources' properties located
in West Virginia and Ohio.
For more information, contact Michael
Kennedy – CFO of Antero Midstream at (303) 357-6782 or
mkennedy@anteroresources.com.
Logo - http://photos.prnewswire.com/prnh/20141209/163435LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/antero-midstream-announces-pricing-of-upsized-650-million-offering-of-senior-notes-300325076.html
SOURCE Antero Midstream Partners LP