Each one in plain English, with the numbers worked through for a shareholder.
9 Dec 2019material agreement▲ GoodMajor
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.
FPR Partners, LLC, Andrew Raab, Bob Peck reported a ANTERO RESOURCES Corp shareholding of 30,758,308 shares (10.10% of votes) in a periodic institutional filing.
Integrated Assets II LLC, Cognizant Holdings, Ltd, ICS Opportunities, Ltd, Integrated Assets, Ltd, Millennium International Management LP, Millennium Management LLC, Millennium Group Management LLC, Israel A. Englander disclosed a new substantial ANTERO RESOURCES Corp shareholding (5.00% of votes).
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.
The Baupost Group, L.L.C, Baupost Group GP, L.L.C, Seth A. Klarman reported a ANTERO RESOURCES Corp shareholding of 28,587,791 shares (9.01% of votes) in a periodic institutional filing.
Warburg Pincus Private Equity X O&G, L.P, Warburg Pincus X, L.P, Warburg Pincus X GP L.P, WPP GP LLC, Warburg Pincus Partners, L.P, Warburg Pincus Partners GP LLC, Warburg Pincus & Co, Warburg Pincus LLC, Charles R. Kaye, Joseph P. Landy reported a ANTERO RESOURCES Corp shareholding of 34,174,860 shares (10.80% of votes) in a periodic institutional filing.
SailingStone Capital Partners LLC, SailingStone Holdings LLC, MacKenzie B. Davis, Kenneth L. Settles Jr reported a ANTERO RESOURCES Corp shareholding of 24,886,129 shares (7.85% of votes) in a periodic institutional filing.
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.