DENVER, Oct. 29, 2020 /PRNewswire/ -- Antero
Resources Corporation (NYSE: AR) ("Antero Resources" or
the "Company") today announced that it has issued a notice to the
holders of its 5.375% senior notes due 2021 (the "2021 Notes") that
the Company intends to redeem all of the 2021 Notes outstanding on
November 30, 2020 at par, plus
accrued and unpaid interest to the redemption date (the "Note
Redemption"). The Company expects to utilize a combination of
proceeds from its asset sales program, cash flow from operations
and available borrowings under its revolving credit facility to
fund the Note Redemption.
This press release is for informational purposes only and shall
not constitute an offer to purchase the 2021 Notes or any other
security. Additional information concerning the terms of the
redemption are fully described in the Notice of Redemption
distributed to the holders of the 2021 Notes. Beneficial
holders of the 2021 Notes with any questions about the redemption
should contact their respective brokerage firm or financial
institution.
Antero Resources is an independent natural gas and natural
gas liquids company engaged in the acquisition, development and
production of unconventional properties located in the Appalachian
Basin in West Virginia and
Ohio. In conjunction with its
affiliate, Antero Midstream (NYSE: AM), Antero is one of the most
integrated natural gas producers in the U.S. 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 not under Antero Resources'
control. All statements, except for statements of historical fact,
made in this release regarding the Note Redemption 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. Except
as required by law, Antero Resources expressly disclaims any
obligation to and does not intend to publicly update or revise any
forward-looking statements.
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SOURCE Antero Resources Corporation