- Antero Resources (NYSE:AR) +5.4% pre-market after announcing a volumetric production payment with an affiliate of J.P. Morgan for cash proceeds of $220M.
- Antero says the VPP covers dry gas producing properties in West Virginia, with an effective date of July 1 and carries a seven-year term ending June 30, 2027.
- The company also started cash tender offers to repurchase any and all of its 2021 senior notes and part of its 2022 and 2023 senior notes for as much as $525M.
- Prior to completion of the tender offers, Antero had $715M drawn on its revolving credit facility and $1.2B in liquidity as of June 30.