Antero Resources Corporation, an independent natural gas and oil company, has announced the pricing of its private placement to eligible purchasers of US$250 million in aggregate principal amount of 4.25% convertible senior notes due 2026. In connection with the offering of the notes, the company granted the initial purchasers of the notes an option, which is exercisable within 30 days, to purchase up to an additional US$50 million aggregate principal amount of the notes. The offering is expected to close on August 21, 2020, subject to the satisfaction of customary closing conditions.
Latham & Watkins LLP represented the initial purchasers in the offering with a corporate team led by Houston partners Nick Dhesi and Ryan Maierson, with Houston associates Om Pandya, Paul Robe, and Trevor Bossi. New York partner Greg Rodgers advised on convertible debt matters, with New York associate Ryan Gold. Advice was also provided on equity derivatives matters by New York partner Reza Mojtabaee-Zamani, with New York associate Christopher Yu; on environmental matters by Houston partner Joel Mack, with Los Angeles/Washington, D.C. counsel Josh Marnitz; and on tax matters by Houston partners Tim Fenn and Jim Cole and New York partner Bora Bozkurt, with New York associate Ron Moore.