DENVER, Sept. 6, 2017 /PRNewswire/ -- Antero Resources
Corporation (NYSE: AR) ("Antero Resources" or the "Company")
announced today the pricing of an underwritten public offering of
10,000,000 common units (the "Offering") representing limited
partner interests in Antero Midstream Partners LP (NYSE: AM) (the
"Partnership") held by Antero Resources at a price of $31.45 per common unit for aggregate gross
proceeds of approximately $315
million before estimated offering expenses. 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 Partners LP 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
Partners LP 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 Resources is an independent natural gas and oil
company engaged in the acquisition, development and production of
unconventional liquids-rich natural gas properties located in the
Appalachian Basin in West Virginia
and Ohio. The Company's website is
located at www.anteroresources.com.
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 Resource'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 Resources 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 Partners LP.
Antero Resources 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
Company's control, incident to the exploration for and development,
production, gathering and sale of natural gas, NGLs and oil. These
risks include, but are not limited to, commodity price volatility,
inflation, lack of availability of drilling and production
equipment and services, environmental risks, drilling and other
operating risks, regulatory changes, the uncertainty inherent in
estimating natural gas and oil reserves and in projecting future
rates of production, cash flow and access to capital, the timing of
development expenditures, and the other risks described under the
heading "Item 1A. Risk Factors" in Antero Resource's Annual Report
on Form 10-K for the year ended December 31,
2016.
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SOURCE Antero Resources Corporation