DENVER, Feb. 6, 2017 /PRNewswire/ -- Antero
Midstream Partners LP (NYSE: AM) ("Antero Midstream" or the
"Partnership") announced today the pricing of an upsized
underwritten public offering of 6,000,000 common units representing
limited partner interests in Antero Midstream (the "Offering") at a
public offering price of $33.00 per
common unit for aggregate gross proceeds of approximately
$198 million before estimated
offering expenses. In addition, the Partnership has also
granted the underwriters a 30-day option to purchase up to an
additional 900,000 common units.
The Partnership expects to use the net proceeds from the
Offering, including the proceeds from any exercise of the
underwriters' option to purchase additional common units, for
general partnership purposes, including to repay a portion of the
outstanding borrowings under its revolving credit facility.
These borrowings include amounts incurred on February 6, 2017 to fund the recently announced
Appalachian processing and fractionation joint venture with MPLX,
LP (NYSE: MPLX).
Barclays and Wells Fargo Securities are acting as joint
book-running managers for the Offering.
The Offering is being made pursuant to an effective registration
statement on Form S-3 previously filed with the Securities and
Exchange Commission ("SEC"). 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:
Barclays
c/o Broadridge
Financial Solutions
1155 Long Island
Avenue
Edgewood, New York
11717
barclaysprospectus@broadridge.com
Toll-Free: (888)
603-5847
|
Wells Fargo
Securities
c/o Equity Syndicate
Department
375 Park
Avenue
New York, New York
10152
cmclientsupport@wellsfargo.com
Toll-Free: (800)
326-5897
|
You may also get these documents for free by visiting the SEC's
website at www.sec.gov. 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 Midstream is a limited partnership that owns, operates
and develops midstream gathering and compression assets as well as
integrated water assets that primarily service Antero Resources'
properties located in West
Virginia and Ohio.
This release includes "forward-looking statements" within the
meaning of federal securities laws. Such forward-looking
statements are subject to a number of risks and uncertainties, many
of which are beyond the Partnership'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 and are based
upon a number of assumptions. Although the Partnership
believes that the plans, intentions and expectations reflected in
or suggested by the forward-looking statements are reasonable,
there is no assurance that the assumptions underlying these
forward-looking statements will be accurate or the plans,
intentions or expectations expressed herein will be achieved.
For example, future acquisitions, dispositions or other strategic
transactions may materially impact the forecasted or targeted
results described in this release. Therefore, actual outcomes
and results could materially differ from what is expressed, implied
or forecast in such statements. Nothing in this release is
intended to constitute guidance with respect to Antero
Resources.
Antero Midstream cautions you that these forward-looking
statements are subject to all of the risks and uncertainties, most
of which are difficult to predict and many of which are beyond the
Partnership's control, incident to the gathering and compression
and fresh water and waste water treatment business. These risks
include, but are not limited to, Antero Resources' expected future
growth, Antero Resources' ability to meet its drilling and
development plan, commodity price volatility, ability to execute
the Partnership's business strategy, competition and government
regulations, actions taken by third-party producers, operators,
processors and transporters, inflation, environmental risks,
drilling and completion and other operating risks, regulatory
changes, the uncertainty inherent in projecting future rates of
production, cash flow and access to capital, the timing of
development expenditures, and the other risks described under "Risk
Factors" in Antero Midstream's Annual Report on Form 10-K for the
quarter ended December 31,
2015.
For more information, contact Michael
Kennedy – CFO of Antero Midstream at (303) 357-6782 or
mkennedy@anteroresources.com.
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SOURCE Antero Midstream Partners LP