The notes will initially bear interest at a fixed rate of 4.00 percent per annum, payable semi-annually in arrears, commencing on June 1, 2018, to, but excluding, December 1, 2022
. Thereafter, the interest will be payable quarterly in arrears, at an annual floating rate equal to the then current three-month LIBOR plus 187.3 basis points.
Antero Resources Corporation (NYSE: AR), an independent exploration and production company, has priced its private placement to eligible purchasers of an additional USD500m in aggregate principal amount of 5.125 percent Senior Notes due December 1, 2022, at 100.5 percent, equating to a yield to call of 5.02 percent.
The new notes are offered as additional notes under the indenture, pursuant to which the company has issued USD600m in aggregate principal amount of its 5.125 percent Senior Notes due December 1, 2022, in a private placement on May 6, 2014.