Antero Res. Selling $250-$300M in New Notes to Pay Down Debt

Today is “notes” day on MDN. Yesterday three major Marcellus/Utica drillers, including Southwestern, Range, and the subject of this post–Antero Resources–all said they are issuing notes, or what we think of as IOUs (debt) in varying amounts. All of the notes issued are for the same reason–to pay down debt. Issue new debt to pay down old debt. Only in the world of high finance! For Antero, the company is issuing $250 million with an extra option to issue another $50 million, or $300 million total, potentially.

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