Antero Resources Corp. (NYSE: AR) intends to call for redemption $140 million of its outstanding 7.25% senior notes due 2019 at 107.25% of the principal amount, plus accrued and unpaid interest to the redemption date.
The partial redemption of the 2019 notes will be funded with a portion of the proceeds of Antero's initial public offering, which was completed on Oct. 16.
Antero expects that the redemption date will be the 30th day following the delivery of notice of the partial redemption by the trustee for the 2019 notes. The selection of 2019 notes to be redeemed will be made on a random lottery basis.
Antero Resources Corp. is an independent energy company engaged in the exploitation, development and acquisition of unconventional oil and liquids-rich natural gas properties primarily located in the Appalachian Basin. The company is based in Denver.
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