We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Antero Midstream (AM) Prices Upsized Senior Unsecured Notes
Read MoreHide Full Article
Antero Midstream Corporation (AM - Free Report) announced that it has priced $750 million in aggregate principal amount of senior unsecured notes.
The upsized notes, carrying an interest rate of 5.375% and likely to mature by 2029, are priced on par. The company announced that the offering is likely to close by Jun 8, after meeting the customary closing conditions.
Following the deduction of estimated costs along with initial purchasers' discounts, the midstream energy company is likely to receive net proceeds of roughly $742 million. The company is planning to allocate the offering’s net proceeds to financing the redemption of entire $650 million in aggregate principal amount, carrying an interest rate of 5.375%. The notes are scheduled to mature by 2024. The remaining of the net proceeds will likely get allocated toward repayment of borrowings under its credit facility.
Headquartered in Denver, CO, Antero Midstream is primarily involved in operating and developing assets in the Appalachian Basin that are being used for midstream gathering, compression, processing and fractionation. The company also provides services to Antero Resources Corporation's (AR - Free Report) properties through its integrated water assets.
It is to be noted that like other midstream firms like Kinder Morgan, Inc. (KMI - Free Report) and The Williams Companies, Inc. (WMB - Free Report) , Antero Midstream’s business is not significantly exposed to the coronavirus pandemic-induced volatility in oil and gas prices.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency have sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
Image: Bigstock
Antero Midstream (AM) Prices Upsized Senior Unsecured Notes
Antero Midstream Corporation (AM - Free Report) announced that it has priced $750 million in aggregate principal amount of senior unsecured notes.
The upsized notes, carrying an interest rate of 5.375% and likely to mature by 2029, are priced on par. The company announced that the offering is likely to close by Jun 8, after meeting the customary closing conditions.
Following the deduction of estimated costs along with initial purchasers' discounts, the midstream energy company is likely to receive net proceeds of roughly $742 million. The company is planning to allocate the offering’s net proceeds to financing the redemption of entire $650 million in aggregate principal amount, carrying an interest rate of 5.375%. The notes are scheduled to mature by 2024. The remaining of the net proceeds will likely get allocated toward repayment of borrowings under its credit facility.
Headquartered in Denver, CO, Antero Midstream is primarily involved in operating and developing assets in the Appalachian Basin that are being used for midstream gathering, compression, processing and fractionation. The company also provides services to Antero Resources Corporation's (AR - Free Report) properties through its integrated water assets.
It is to be noted that like other midstream firms like Kinder Morgan, Inc. (KMI - Free Report) and The Williams Companies, Inc. (WMB - Free Report) , Antero Midstream’s business is not significantly exposed to the coronavirus pandemic-induced volatility in oil and gas prices.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency have sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>