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DENVER - Antero Midstream Corporation (NYSE:AM), a midstream energy company with a perfect Piotroski Score of 9 according to InvestingPro data, announced Monday it has priced an upsized private placement of $650 million in 5.75% senior unsecured notes due 2033 at par.
The midstream energy company expects to close the offering on September 22, 2025, subject to customary closing conditions. Antero Midstream estimates it will receive approximately $642 million in net proceeds after deducting initial purchasers’ discounts and expenses.
The company plans to use the proceeds, along with borrowings under its revolving credit facility, to redeem its existing 5.75% senior notes due 2027 at a redemption price of 100% plus accrued but unpaid interest. The redemption is contingent upon completion of the new notes offering, while the offering itself is not dependent on the redemption.
The new notes have not been registered under the Securities Act of 1933 and are being offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.
Antero Midstream operates midstream gathering, compression, processing, and fractionation assets in the Appalachian Basin, as well as integrated water assets primarily serving Antero Resources Corporation’s properties.
This article is based on a press release statement from Antero Midstream Corporation.
In other recent news, Antero Midstream Corporation reported its second-quarter 2025 earnings, surpassing market expectations. The company achieved an earnings per share of $0.29, exceeding the forecasted $0.24, marking a 20.83% positive surprise. Additionally, Antero Midstream’s revenue reached $305.5 million, surpassing the anticipated $291.79 million. In another development, Antero Midstream announced plans to offer $500 million in senior unsecured notes due 2033. The proceeds from this offering, along with borrowings under its revolving credit facility, are intended to redeem its 5.75% senior notes due 2027. These recent developments reflect the company’s ongoing financial strategies and performance.
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