Antero Resources Announces Redemption of its 9.375% Senior Notes due 2017

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Nov 01, 2013, 04:05 ET

DENVER, Nov. 1, 2013 /PRNewswire/ -- Antero Resources Corporation (NYSE: AR) ("Antero") announced today that it has called for redemption all of its outstanding 9.375% Senior Notes due 2017 (CUSIP Nos. 03674PAC7 and 03674PAA1) (the "2017 Notes") for redemption on December 1, 2013 at a price of 104.688% of the principal amount, plus accrued and unpaid interest to the redemption date. The redemption of the 2017 Notes will be funded with a portion of the proceeds of Antero's offering of 5.375% senior notes due 2021, which is expected to close on November 5, 2013, subject to the satisfaction of customary closing conditions.

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Because the redemption date is a Sunday, payment will be made on the next day—Monday, December 2, 2013—through the facilities of The Depository Trust Company.

Antero Resources is an independent oil and natural gas company engaged in the exploitation, development and acquisition of unconventional oil and liquids-rich natural gas properties located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania. Antero's website is located at www.anteroresources.com.

SOURCE Antero Resources Corporation