Antero Floats $600M in New IOUs to Pay Off Older Debt

Antero Resources, one of the biggest drillers in the Marcellus, is going shopping for cash. In September Antero’s midstream (i.e. pipeline) subsidiary went shopping for cash and got $650 million (see Antero Midstream Floats $650M in New IOUs). Antero the mother ship is now shopping, looking to raise $600 million by floating new IOUs, otherwise called “notes.” The company plans to use most of it to pay off older debt…

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