Daily News: May 15, 2018

Wells Fargo Provides $12MM Facility to Antero


Antero Midstream GP (AMGP) entered into a $12 million senior secured credit facility with Wells Fargo as lender.

All of AMGP’s obligations under the facility are guaranteed by its current subsidiary, Antero IDR Holdings, and certain of its future subsidiaries, and secured by a first priority perfected security interest in certain other assets of AMGP and such subsidiary guarantors.

Loans under the facility are base rate loans. AMGP is required to fully repay any amounts borrowed under the facility at least once per fiscal quarter following AMGP’s receipt of quarterly distributions from its indirect subsidiary, Antero Midstream Partners. The company is permitted to repay additional amounts borrowed prior to the maturity date without any premium or penalty.

The credit facility contains events of default customary for facilities of this nature.

Headquartered in Denver, Antero Midstream Partners is a limited partnership formed by Antero Resources to own, operate and develop midstream energy assets, such as pipelines and compressor stations, processing and fractionation plants and water handling and treatment infrastructure.