Antero Resources Corp (NYSE:AR) Files An 8-K

On October 3, 2016, Antero Resources Corporation (the “Company”) entered into a Common Stock Subscription Agreement (the “Subscription Agreement”) with Evans Investments Pte. Ltd., an indirect wholly-owned subsidiary of Temasek Holdings (Private) Limited (the “Purchaser”), pursuant to which the Purchaser agreed to purchase (the “Private Placement”) 6,730,769 shares of the Company’s common stock, par value $0.01 per share (the “Shares”), at a price of $26.00 per share, resulting in approximately $175 million of gross proceeds. The Company intends to use the proceeds to repay a portion of outstanding borrowings under its revolving credit facility and for general corporate purposes. The issuance of the Shares pursuant to the Subscription Agreement is being made in reliance upon an exemption from registration provided under Section 4(2) of the Securities Act of 1933, as amended (the “Securities Act”).

An ad to help with our costs