DENVER - Antero Midstream Corporation (NYSE: NYSE:AM), a Delaware-based midstream service provider, announced its intention to privately place $500 million in senior unsecured notes due in 2032, subject to market conditions. This offering targets qualified institutional buyers, leveraging Rule 144A and Regulation S under the Securities Act for transactions exempt from registration requirements.
The company plans to allocate the net proceeds from the sale of these notes to repay existing debt under its revolving credit facility. Such repayments will free up credit that may be used for general corporate activities, including addressing near-term debt maturities. The notes have not been registered under the Securities Act of 1933 or any state securities laws and will not be available for public sale in the United States without registration or an applicable exemption.
Antero Midstream, operating in the Appalachian Basin, manages assets for gas gathering, compression, processing, and fractionation as well as water services primarily for Antero Resources (NYSE:AR) Corporation.
This news article is based on a press release statement from Antero Midstream Corporation.
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