debt
confidence high
sentiment neutral
materiality 0.70
Antero Midstream closes $600M upsized senior notes offering to fund HG acquisition
Antero Midstream Corp
- Issued $600M in 5.750% Senior Notes due 2034, upsized from $500M initial offering.
- Net proceeds, with revolver borrowings and Utica asset sale proceeds, to fund HG Energy II Midstream acquisition.
- Notes subject to special mandatory redemption if HG acquisition not closed by June 2, 2026.
- Remaining debt financing commitments from prior arrangement terminated.
- Notes guaranteed by Antero Midstream Corp and subsidiaries; rank equally with senior debt.