{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-119058","form_type":"8-K","ticker":"AR","cik":"0001433270","company_name":"ANTERO RESOURCES Corp","filed_at":"2025-12-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.397482+00:00","generated_at":"2026-05-16T13:57:26.498527+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Antero Resources to acquire Marcellus assets for $2.8B, sell Utica for $800M","bullets":["Acquisition of HG Energy upstream adds 850 MMcfe/d from 385,000 net acres in core Marcellus; total cash consideration $2.8B plus assumption of hedge book.","Utica Shale upstream assets sold to Infinity and NOG for $800M; expected close Q1 2026 with effective date July 1, 2025.","Identified approximately $950 million PV-10 of synergies; acquisition expected to be accretive with 18%+ 2026E Free Cash Flow yield.","Financing via cash on hand, free cash flow, $1.5B Term Loan A, $800M Term Loan Bridge, and Utica proceeds; pro forma leverage target below 1.0x in 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-119058","json":"https://secwatch.observer/filing/0001104659-25-119058.json","markdown":"https://secwatch.observer/filing/0001104659-25-119058.md","text":"https://secwatch.observer/filing/0001104659-25-119058.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1433270/000110465925119058/0001104659-25-119058-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1433270/000110465925119058/tm2532931d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:57:26.498527+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2b45b8c8a3ed1376b6bf6c508030e31afa32e118","claim":"ANTERO RESOURCES Corp entered into Membership Interest Purchase Agreement with HG Energy II LLC valued at $2.8 billion (effective 2025-12-05).","evidence_excerpt":"On December 5, 2025, Antero Resources Corporation (the “Company”) entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) to purchase 100% of the issued and outstanding equity interests of HG Energy II Production Holdings, LLC (“HG Production”) from HG Energy II LLC (“HG Energy”) for cash consideration of $2.8 billion","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1433270/000110465925119058/0001104659-25-119058-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"HG Energy II LLC"},{"label":"Value","value":"$2.8 billion"},{"label":"Effective","value":"2025-12-05"}],"fact_type":"material_agreement"},{"claim_id":"670015fcf95c3daf3c8bd488b8fa090ea754b1d3","claim":"ANTERO RESOURCES Corp entered into a credit facility with Royal Bank of Canada, RBC Capital Markets and JPMorgan Chase Bank, N.A. (effective 2025-12-05).","evidence_excerpt":"the Company entered into a debt commitment letter dated December 5, 2025 with Royal Bank of Canada, RBC Capital Markets and JPMorgan Chase Bank, N.A. (collectively, the “Banks”), pursuant to which the Banks have committed, subject to satisfaction of certain customary terms and conditions, to provide the Company with an unsecured 364-day term loan facility in an aggregate principal amount of $800 million (the “Term Loan Bridge Facility”) and an unsecured 3-year term loan facility in an aggregate principal amount of $1.5 billion (the “Term Loan A Facility”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1433270/000110465925119058/0001104659-25-119058-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Royal Bank of Canada, RBC Capital Markets and JPMorgan Chase Bank, N.A."},{"label":"Effective","value":"2025-12-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}