Antero Midstream Partners LP Announces Secondary Offering of Common Units
OREANDA-NEWS. Antero Midstream Partners LP (NYSE: AM) ("Antero Midstream" or the "Partnership") today announced that Antero Resources Corporation (NYSE: AR) ("Antero Resources" or the "Selling Unitholder") commenced an underwritten public offering of 8,000,000 common units (the "Offering") representing limited partner interests in Antero Midstream held by Antero Resources. The common units are being sold in the Offering pursuant to an effective registration statement on Form S-3 previously filed with the Securities and Exchange Commission (the "SEC"). In addition, the Selling Unitholder anticipates granting the underwriter a 30-day option to purchase up to an additional 1,200,000 common units. The underwriter intends to offer the units from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. Antero Midstream will not receive any proceeds from the sale of common units in the Offering.
Antero Resources currently owns 75,940,957 subordinated units and 40,929,378 common units, including 10,988,421 common units received as partial consideration in the water business drop down transaction in September 2015.
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