debt
confidence high
sentiment neutral
materiality 0.65
Antero Midstream prices upsized $600M 5.75% senior notes due 2034 at par
Antero Midstream Corp
- Upsized private placement to $600M aggregate principal of 5.75% senior notes due 2034, priced at par.
- Offering expected to close Dec 23, 2025; net proceeds ~$593M after discounts and expenses.
- Proceeds to fund HG Energy acquisition ($600M) along with credit facility draws and Utica asset sale proceeds.
- Special mandatory redemption if HG acquisition not closed by June 2, 2026 (extendable to Sept 2, 2026).
- Offering not contingent on closing of HG acquisition or Utica disposition; those deals not contingent on offering.