Antero Midstream Corporation's Debt Financing for Acquisition

On December 23, 2025, Antero Midstream Corporation announced the completion of a private placement of $600 million in 5.750% Senior Notes due 2034. The offering was upsized from an initial $500 million. The net proceeds, along with borrowings from a revolving credit facility and proceeds from the disposition of Utica Shale midstream assets, will fund the acquisition of HG Energy II Midstream Holdings, LLC. The notes are guaranteed by Antero Midstream Partners LP and certain subsidiaries. The indenture governing the notes includes customary terms, events of default, and covenants. The notes are senior unsecured debt, ranking equally with existing and future senior indebtedness. Redemption options are available under certain conditions, including a change of control or prior to maturity. The company also announced the termination of remaining commitments under previous debt financing agreements with Royal Bank of Canada and Wells Fargo Bank, National Association in connection with this issuance.