Each one in plain English, with the numbers worked through for a shareholder.
11 Apr 2012material agreement● NeutralMajor
Re-filing of an October 2010 report: Antero agreed to sell its Oklahoma Woodford Shale midstream assets to affiliates of Cardinal Midstream for $268 million in cash. The assets are its 60% stake in the Centrahoma Processing joint venture with MarkWest, about 50 miles of gathering pipeline and a CO2 treating plant. Closing was expected in early November 2010. Antero could keep a $13.4 million deposit if the deal was terminated in certain circumstances. The filing says it contains no new information.
Re-filing (with Antero Resources LLC now the lead filer) of a July 2011 report: Antero Resources Finance Corporation sold $400 million of 7.25% senior notes due 2019, guaranteed by Antero Resources LLC and its wholly-owned subsidiaries, for about $392.8 million net. The proceeds were to repay the bank revolving credit facility and for general purposes, including possible acquisitions. The filing says it contains no new information.
