Ascent Resources Utica Holdings, LLC Announces Closing Of $400 Million Offering Of 5.875% Senior Notes Due 2029

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Jun 14, 2021, 11:05 ET

OKLAHOMA CITY, June 14, 2021 /PRNewswire/ -- Ascent Resources Utica Holdings, LLC (together with its subsidiaries, "Ascent") announced today that it, with its wholly-owned subsidiary, ARU Finance Corporation, has closed on a private offering of $400 million in aggregate principal amount of 5.875% senior unsecured notes due 2029 (the "2029 Notes"). Ascent used the proceeds of the 2029 Notes offering to pay down a portion of the outstanding borrowings under its revolving credit facility.

The 2029 Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. The 2029 Notes were offered and sold only to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act and to certain non-U. S. persons outside the United States in compliance with Regulation S under the Securities Act. This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of the 2029 Notes in any state or jurisdiction in which such offer, solicitation or sale is unlawful.

About Ascent Resources:

Ascent is one of the largest private producers of natural gas in the United States and is focused on acquiring, developing, producing, and operating natural gas and oil properties located in the Utica Shale in Southeast Ohio. With a continued focus on good corporate citizenship, Ascent is committed to delivering low-cost clean-burning energy to our country and the world, while reducing environmental impacts.

Contact:
Chris Benton
Director – Finance and Investor Relations
405-252-7850
[email protected]

SOURCE Ascent Resources, LLC