Antero Looks to Expand Midstream Biz with $315M Unit Sale

Antero Resources is back in the market looking to raise more money for their Antero Midstream subsidiary. It was only April that Antero floated an initial public offering (IPO) for Antero Midstream with hopes of raising $930 million (see Antero Midstream Launches IPO – Hopes to Raise $930M). In early May, when the IPO was complete, the company said it had only raised $875 million–falling $55 million short of the mark (see the Reuters story: Antero Midstream GP raises $875 million in U.S. IPO). A little more than three months later and the company is back, floating 10 million units (think shares of stock) at a price of $31.45, hoping to raise $315 million. The announcement does not say what Antero plans to use for money for–but they do have a number of irons in the midstream fire. Lots of projects underway and planned. Our guess is that the money will be used to fund some of those initiatives…

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.

Please Login to post a comment