Deal Details
Initial Public Offering
Summary
Baird served as a co-manager on this offering
About
Antero Resources Corporation (“Antero” or the “Company”) (NYSE: AR) recently completed an initial public offering of 41,083,750 common shares at a price of $44.00 per share, generating gross proceeds of approximately $1.8 billion. The Company intends to use the net proceeds from the offering to repay outstanding borrowings under its credit facility.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. The Company currently holds approximately 329,000 net acres in the southwestern core of the Marcellus Shale and approximately 102,000 net acres in the core of the Utica Shale. Antero is headquartered in Denver, Colorado.
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- Date
- October 2013
- Company
- Antero Resources Corporation
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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