DENVER, June 25, 2019 /PRNewswire/ -- Antero Midstream
Corporation (NYSE: AM) ("Antero Midstream") announced
today that Antero Midstream Partners LP ("Antero Midstream
Partners"), an indirect, wholly owned subsidiary of Antero
Midstream, subject to market conditions, intends to offer
$600 million in aggregate principal
amount of senior unsecured notes due 2028 (the "Notes") in a
private placement to eligible purchasers.
Antero Midstream Partners intends to use the net proceeds of the
offering 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 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.
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 Midstream's
or Antero Midstream Partners' control. All statements, except
for statements of historical fact, made in this release regarding
activities, events or developments Antero Midstream and Antero
Midstream Partners expect, believe or anticipate will or may occur
in the future, such as statements regarding the proposed offering
and the intended use of proceeds, 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 and Antero Midstream
Partners believe 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. Antero Midstream and Antero
Midstream Partners expressly disclaim any obligation to and do not
intend to publicly update or revise any forward-looking
statements.
Antero Midstream and Antero Midstream Partners caution 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 Antero Midstream's or Antero Midstream
Partners' control, incident to our business. 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 Midstream's Annual
Report on Form 10-K for the year ended December 31, 2018 and Quarterly Report on Form
10-Q for the quarter ended March 31,
2019.
Antero Midstream Corporation is a Delaware corporation that owns, operates and
develops midstream gathering, compression, processing and
fractionation assets located in West
Virginia and Ohio, as well
as integrated water assets that primarily service Antero Resources
Corporation's properties. Antero Midstream's website is
located at www.anteromidstream.com. For more information,
contact Michael Kennedy — CFO of
Antero Midstream Corporation, at (303) 357-6782 or
mkennedy@anteroresources.com.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/antero-midstream-announces-launch-of-600-million-offering-of-senior-notes-300874255.html
SOURCE Antero Midstream Corporation