Antero Resources announces pricing of common stock offering
10/06/2016 12:58
Antero Resources Corporation announced the pricing of an underwritten public offering of 26.75 million common shares for aggregate gross proceeds of approximately USD 762 million before estimated offering expenses. In connection with the Offering, Antero Resources has also granted the underwriters a 30-day option to purchase up to an additional 4 million common shares. The underwriters intend to offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The Company expects to use the proceeds from the Offering, including the proceeds from any exercise of the underwriters' option to purchase additional shares of common stock, to fund the recently announced acquisition of properties from a third party and for general corporate purposes including funding future development. Credit Suisse and J.P. Morgan are acting as joint book-running managers for the Offering.
