Antero Resources Announces Pricing of Secondary Public Offering of 12 Million
Shares of Common Stock
DENVER, May 13, 2014
DENVER, May 13, 2014 /PRNewswire/ --Antero Resources Corporation (NYSE: AR)
("Antero" or the "Company") announced today the pricing of an upsized
underwritten public offering of 12 million shares of the Company's common
stock (the "Offering") held by Antero Resources Investment LLC (the "Selling
Stockholder") at a price to the public of $62.00 per share. The common stock
is being sold in the Offering pursuant to an effective registration statement
on Form S-3 previously filed with the Securities and Exchange Commission (the
"Commission"). In addition, the Selling Stockholder has granted the
underwriters a 30-day option to purchase up to an additional 1.8 million
shares of common stock. The Company will not receive any proceeds from the
sale of the common stock in the Offering. The Offering is expected to close
on May 19, 2014, subject to customary closing conditions.
Antero Resources logo.
Barclays, Citigroup, Credit Suisse and J.P. Morgan are acting as joint
book-running managers for the Offering. The Offering is being made only by
means of a prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, copies of which, when available, may be obtained from:
c/o Broadridge Financial Solutions c/o Broadridge Financial Solutions
1155 Long Island Avenue 1155 Long Island Avenue
Edgewood, New York 11717 Edgewood, New York 11717
Toll-Free: (888) 603-5847 Toll-Free: (800) 831-9146
Credit Suisse Securities (USA) LLC J.P. Morgan
c/o Prospectus Department c/o Broadridge Financial Solutions
One Madison Avenue, Level 1B 1155 Long Island Avenue
New York, New York 10010 Edgewood, New York 11717
email@example.com Toll-Free: (866) 803-9204
Toll-Free: (800) 221-1037
You may also get these documents for free by visiting the Commission's website
This press release does not constitute an offer to sell or a solicitation of
an offer to buy the securities described above, nor shall there be any sale of
such securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.
Antero 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.
This release includes "forward-looking statements." Such forward-looking
statements are subject to a number of risks and uncertainties, many of which
are beyond Antero's control. All statements, other than historical facts
included in this release, are forward-looking statements. All forward-looking
statements speak only as of the date of this release. Although Antero believes
that the plans, intentions and expectations reflected in or suggested by the
forward-looking statements are reasonable, there is no assurance that these
plans, intentions or expectations will be achieved. Therefore, actual outcomes
and results could materially differ from what is expressed, implied or
forecast in such statements.
Antero cautions you that these forward-looking statements are subject to risks
and uncertainties, most of which are difficult to predict and many of which
are beyond the Company's control, incident to the exploration for and
development, production, gathering and sale of natural gas, NGLs and oil.
These risks include, but are not limited to, commodity price volatility,
inflation, lack of availability of drilling and production equipment and
services, environmental risks, drilling and other operating risks, regulatory
changes, the uncertainty inherent in estimating natural gas and oil reserves
and in projecting future rates of production, cash flow and access to capital,
the timing of development expenditures, and the other risks described under
the heading "Item 1A. Risk Factors" in Antero's Annual Report on Form 10-K for
the year ended December 31, 2013 and any subsequently filed Quarterly Report
on Form 10-Q.
SOURCE Antero Resources Corporation
Contact: For more information, contact Michael Kennedy - VP Finance, at (303)
357-6782 or firstname.lastname@example.org.
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