Antero Resources Announces Pricing of Upsized $600 Million Offering of Senior Notes

Antero Resources Announces Pricing of Upsized $600 Million Offering of Senior

PR Newswire

DENVER, April 23, 2014

DENVER, April 23, 2014 /PRNewswire/ --Antero Resources Corporation (NYSE: AR)
("Antero" or the "Company")  announced today the pricing of its private
placement to eligible purchasers of $600 million in aggregate principal amount
of 5.125% senior unsecured notes due December 2022 at par. The offering is
expected to close on May 6, 2014, subject to customary closing conditions.

Antero Resources logo.

Antero estimates that it will receive net proceeds of approximately $591.6
million, after deducting the initial purchasers' discounts and estimated
expenses, of which it intends to use $277.5 million to finance the redemption
of its outstanding 7.25% senior notes due 2019 and intends to use the
remaining net proceeds to repay a portion of the outstanding borrowings under
its credit facility.

The securities to be offered have not been registered under the Securities Act
of 1933, as amended, (the "Securities Act"), or any state securities laws; and
unless so registered, the securities may not be offered or sold in the United
States except pursuant to an exemption from, or in a transaction not subject
to, the registration requirements of the Securities Act and applicable state
securities laws. The notes are expected to be eligible for trading by
qualified institutional buyers in the United States under Rule 144A and
outside the United States pursuant to Regulation S.

This press release is being issued pursuant to Rule 135c under the Securities
Act, and is neither an offer to sell nor a solicitation of an offer to buy the
notes or any other securities and shall not constitute an offer to sell or a
solicitation of an offer to buy, or a sale of, the notes or any other
securities in any jurisdiction in which such offer, solicitation or sale is

Antero Resources is an independent oil and natural gas company engaged in the
exploitation, development and acquisition of unconventional oil and
liquids-rich natural gas properties located in the Appalachian Basin in West
Virginia, Ohio and Pennsylvania.


SOURCE Antero Resources

Contact: Michael Kennedy - VP Finance, at (303) 357-6782 or
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