Each one in plain English, with the numbers worked through for a shareholder.
17 June 2026debt financing● Neutral
Antero Resources set up a new $1.65 billion commercial paper program to give itself a cheaper short-term funding option for working capital and general corporate needs, backstopped by its revolving credit facility.
3 Feb 2026asset acquisition disposition▲ GoodMajor
Antero Resources completed its $2.8 billion acquisition of HG Energy's core Marcellus Shale acreage in West Virginia, funding part of the purchase with a new $1.5 billion term loan led by Royal Bank of Canada.
Antero Resources raised $750 million in new 5.40% notes due 2036, part of the financing package (alongside a new term loan and a planned sale of its Utica Shale assets) for its pending $2.8 billion HG Energy acquisition.
Antero Resources agreed to buy HG Energy II's Marcellus Shale acreage (about 385,000 net acres in the core of the play in West Virginia) for $2.8 billion, while sibling company Antero Midstream simultaneously agreed to buy HG Energy's related midstream assets for $1.1 billion -- a combined $3.9 billion expansion of the Antero companies' core Appalachian position.
Antero Resources issued $600 million of new 5.375% notes due 2030 -- a much lower rate than its early-2021 refinancings -- and used the proceeds to redeem all $574.2 million of its 5.625% notes due 2023, pushing out its debt maturities as credit conditions improved.
Antero Resources issued $700 million of new 7.625% notes due 2029 and used the proceeds to redeem the rest of its 5.125% notes due 2022, fully retiring that maturity.
Antero Resources issued $500 million of new 8.375% notes due 2026 and used the proceeds to redeem $350 million of its 5.125% notes due 2022 -- a much higher coupon than the debt it replaced, reflecting tighter credit markets for gas producers at the time.
Antero Resources renegotiated its gas-gathering fee deal with its affiliate Antero Midstream, cutting the fees it pays by $12-19 million per quarter through 2023 in exchange for extending the contract to 2038, and agreed to sell $100 million of its Antero Midstream shares back to Antero Midstream to pay down its own revolving credit line.
13 Mar 2019asset acquisition disposition▲ GoodMajor
The Antero Midstream/AMGP combination closed: AMGP converted into Antero Midstream Corporation, and Antero Resources exchanged its 98.9 million Antero Midstream units for cash plus 158.4 million shares of the new company, cutting its stake from a controlling 53% (which it had consolidated into its own financials) to a 31% equity-method stake going forward.
Antero Resources confirmed that public unitholders of Antero Midstream had not elected enough cash to trigger any adjustment to Antero Resources' own merger consideration, meaning Antero Resources will receive its full planned mix of cash and New AM stock when the Antero Midstream/AMGP combination closes.
Antero Resources amended its credit agreement to permit the pending Antero Midstream/AMGP combination to proceed and to give itself more flexibility on investments and credit extensions.
Antero Resources amended its credit agreement to permit the pending Antero Midstream/AMGP combination to proceed and to give itself more flexibility on investments and credit extensions.
Antero Resources, as the roughly 53% owner of Antero Midstream Partners, agreed to vote its units in favor of the pending Antero Midstream/AMGP combination and to transfer some units to a subsidiary ahead of closing -- procedural steps toward completing the deal.
Antero Resources, as the roughly 53% owner of Antero Midstream Partners, agreed to vote its units in favor of the pending Antero Midstream/AMGP combination and to transfer some units to a subsidiary ahead of closing -- procedural steps toward completing the deal.
Antero Resources' midstream affiliate Antero Midstream GP LP agreed to buy out all public and Antero-owned units of Antero Midstream Partners LP, folding them into a new single company, Antero Midstream Corporation; Antero Resources -- which owns about 53% of the units -- will receive a mix of cash and New AM stock. Antero Resources separately authorized a $600 million buyback of its own stock.
Antero Resources sold another 10 million common units of Antero Midstream Partners LP at $31.11/unit, continuing to monetize its midstream stake to pay down its credit facility.
Antero Resources registered its 5.0% notes due 2025 with the SEC for a routine like-for-like exchange into freely tradeable notes, fulfilling the registration-rights obligation from its December 2016 private placement -- not a new financing.
Antero Resources sold 8 million common units of its Antero Midstream Partners LP subsidiary at $22.25/unit, continuing to monetize its midstream stake to fund drilling and pay down its credit facility.