DENVER, Sept. 6, 2017 /PRNewswire/ -- Antero
Midstream Partners (NYSE: AM) ("Antero Midstream" or the
"Partnership") today announced the pricing of an underwritten
public offering of 10,000,000 common units (the "Offering")
representing limited partner interests in Antero Midstream held by
Antero Resources Corporation (NYSE: AR) at a price of $31.45 per unit for aggregate gross proceeds to
Antero Resources Corporation of approximately $315 million before estimated offering expenses.
Antero Midstream will not receive any proceeds from the sale of
common units in the Offering. In connection with the
Offering, Antero Resources granted the underwriters a 30-day option
to purchase up to an additional 1,500,000 common units. After
giving effect to the Offering and assuming no exercise of the
underwriters' option to purchase additional common units, Antero
Resources will own approximately 53% of the Partnership's
outstanding common units.
Barclays and Wells Fargo are acting as joint book-running
managers for the Offering. The Offering will only be made by
means of a prospectus meeting the requirements of Section 10 of the
Securities Act of 1933, copies of which, when available, may be
obtained from:
Barclays Capital
Inc.
c/o Broadridge
Financial Solutions
1155 Long Island
Avenue
Edgewood, NY
11717
barclaysprospectus@broadridge.com
Toll-Free:
1-888-603-5847
|
Wells Fargo
Securities
c/o Equity Syndicate
Department
375 Park
Avenue
New York, NY
10152
cmclientsupport@wellsfargo.com
Telephone:
1-800-326-5897
|
Antero Midstream has filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (the "SEC")
for the offering to which this communication relates. Before you
invest, you should read the prospectus in that registration
statement and other documents Antero Midstream has filed with the
SEC for more complete information about the issuer and this
offering. You may get these documents for free by visiting EDGAR on
the SEC Web site at www.sec.gov. Alternatively, Antero Resources
will arrange to send you the prospectus after filing if you request
it by calling (303) 357-7310. This press release does not
constitute an offer to sell or a solicitation of an offer to buy
the securities described above, nor shall there be any sale of such
securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Antero Midstream is a limited partnership that owns, operates
and develops midstream gathering, compression, processing and
fractionation assets as well as integrated water assets that
primarily service Antero Resources' properties located in
West Virginia and Ohio. Holders of Antero Midstream common units
will receive a Schedule K-1 with respect to distributions received
on the common units.
This release includes "forward-looking statements".
Such forward-looking statements are subject to a number of risks
and uncertainties, many of which are beyond Antero Midstream's
control. All statements, other than historical facts included in
this release, are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. All forward-looking
statements speak only as of the date of this release. Although
Antero Midstream 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. Nothing in this
release is intended to constitute guidance with respect
to Antero Midstream.
Antero Midstream cautions 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 the
Partnership's control, incident to the gathering and processing and
fresh water and waste water treatment businesses. These risks
include, but are not limited to, Antero Resources' expected future
growth, Antero Resources' ability to meet its drilling and
development plan, commodity price volatility, ability to execute
the Partnership's business strategy, competition and government
regulations, actions taken by third-party producers, operators,
processors and transporters, inflation, environmental risks,
drilling and completion and other operating risks, regulatory
changes, the uncertainty inherent in projecting future rates of
production, cash flow and access to capital, the timing of
development expenditures, and the other risks described under "Risk
Factors" in Antero Midstream's Annual Report on Form 10-K for the
year ended December 31, 2016.
For more information, contact Michael
Kennedy – CFO of Antero Midstream, at (303) 357-6782 or
mkennedy@anteroresources.com.
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SOURCE Antero Midstream Partners LP