Le Lézard
Classified in: Oil industry
Subject: OFR

Ascent Resources Utica Holdings, LLC Announces Offering Of $300 Million Of New Senior Notes


OKLAHOMA CITY, Dec. 14, 2020 /PRNewswire/ -- Ascent Resources Utica Holdings, LLC (together with its subsidiaries, "Ascent") announced today that it, with its wholly-owned subsidiary, ARU Finance Corporation, intends to offer $300 million in aggregate principal amount of senior unsecured notes due 2028 (the "2028 Notes") in a private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act"). Ascent intends to use the proceeds of the 2028 Notes offering to pay down a portion of the outstanding borrowings under its revolving credit facility.

The 2028 Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. The 2028 Notes are being offered and sold only to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act and to certain non-U.S. persons outside the United States in compliance with Regulation S under the Securities Act. This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of the 2028 Notes in any state or jurisdiction in which such offer, solicitation or sale is unlawful.

About Ascent Resources:

Ascent is the eighth largest producer of natural gas in the United States in terms of daily production and is focused on acquiring, developing, producing, and operating natural gas and oil properties located in the Utica Shale in Southeast Ohio. With a continued focus on good corporate citizenship, Ascent is committed to mitigating its environmental impact, while delivering low-cost, clean-burning energy to our country and the world.

This press release contains forward-looking statements within the meaning of U.S. federal securities laws. Forward-looking statements in this press release include, but are not limited to, statements regarding the offering of the 2028 Notes, including the anticipated use of proceeds therefrom. These statements are not guarantees of future performance and are subject to known and unknown risks and uncertainties. Actual results may vary materially from those expressed or implied in this press release. These statements are made as of the date of this press release and Ascent undertakes no duty or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Contact:
Chris Benton
Director of Finance & Investor Relations
[email protected]

SOURCE Ascent Resources, LLC


These press releases may also interest you

at 16:30
Peabody today filed its Proxy Statement for its 2024 Annual Meeting of Stockholders to be held on May 9, 2024, which disclosed that current members of Peabody's Board of Directors Samantha B. Algaze and David J. Miller have determined that they will...

at 16:15
Quanta Services, Inc. announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.09 per share, or a rate of $0.36 per share on an annualized basis. The dividend is payable on April 17, 2024, to...

at 16:15
ONEOK, Inc. will release first quarter 2024 earnings after the market closes on April 30, 2024. ONEOK's executive management will participate in a conference call the following day.      What:              ONEOK first quarter 2024 earnings...

at 16:08
Company successfully executed and closed $150 million tax exempt bond offering for the Company's Kentucky Lithium refining facilityThe first domestic, commercial producer of separated and high-purity REEs from recycled permanent magnets and...

at 16:05
Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) , a leading global solar project developer, owner, and operator, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023. Emeren's...

at 16:05
Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") will release its 2024 first quarter operating and condensed financial results on Wednesday, May 1, 2024 after the close of North American markets. The unaudited interim...



News published on and distributed by: