DENVER, May 9, 2017 /PRNewswire/ -- Antero
Midstream GP LP ("AMGP") today announced the closing of its
initial public offering of 37,250,000 common shares representing
limited partner interests in AMGP by Antero Resources Investment
LLC (the "Selling Shareholder"), at a public offering price of
$23.50 per common share for total
gross proceeds (before underwriters' fees and estimated expenses)
of approximately $875 million.
AMGP will not receive any of the proceeds from the common shares to
be sold by the Selling Shareholder. AMGP owns the general
partner of Antero Midstream Partners LP (NYSE: AM) ("Antero
Midstream") and incentive distribution rights in Antero Midstream
and has elected to be classified as an entity taxable as a
corporation for U.S. federal income tax purposes.
At the closing of the offering, the public holds an approximate
20.0% limited partner interest in AMGP and the Selling Shareholder
holds the remaining approximate 80.0% limited partner interest in
AMGP.
Morgan Stanley, Barclays and J.P. Morgan acted as joint
book-running managers for the offering. Baird, Citigroup, Goldman
Sachs & Co. LLC and Wells Fargo Securities acted as
book-running managers.
In connection with the offering, Antero Resources Midstream
Management LLC ("ARMM") has converted into a Delaware limited partnership, and, in
connection with such conversion, has changed its name to Antero
Midstream GP LP. ARMM has filed a registration statement
relating to these securities with the U.S. Securities and Exchange
Commission (the "SEC"), which has been declared effective.
The offering of these securities is being made only by means of a
written prospectus meeting the requirements of Section 10 of the
Securities Act of 1933, as amended. A copy of the final
prospectus for the offering may be obtained, when available,
from:
Morgan Stanley &
Co. LLC
Attn: Prospectus Department
180 Varick Street, 2nd Floor
New York, NY
10014
|
Barclays
c/o Broadridge
Financial Solutions
1155 Long Island
Avenue
Edgewood, New York
11717
barclaysprospectus@broadridge.com
Toll-Free: (888)
603-5847
|
J.P.
Morgan
c/o Broadridge
Financial Solutions
1155 Long Island
Avenue
Edgewood, NY,
11717
1-866-803-9204
Email:
prospectus-eq_fi@jpmchase.com
|
|
|
Baird
Attention: Syndicate
Department
777 East Wisconsin
Avenue
Milwaukee, WI
53202-5391
Telephone:
1-800-792-2473
Email:
syndicate@rwbaird.com
|
Citigroup
c/o Broadridge
Financial Solutions
1155 Long Island
Avenue
Edgewood, NY
11717
Telephone:
1-800-831-9146
|
Goldman Sachs &
Co. LLC f/k/a
Goldman, Sachs &
Co.
Attention: Prospectus
Department
200 West
Street
New York, NY
10282
Telephone:
1-866-471-2526
Facsimile:
212-902-9316
prospectus-ny@ny.email.gs.com
|
|
|
|
|
Wells Fargo
Securities
c/o Equity Syndicate
Department
375 Park
Avenue
New York, NY
10152
Telephone:
1-800-326-5897
cmclientsupport@wellsfargo.com
|
|
A copy of the final prospectus may be obtained free of charge by
visiting the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.
Antero Midstream GP LP is a Delaware limited partnership that owns the
general partner of Antero Midstream and incentive distribution
rights in Antero Midstream.
This release includes "forward-looking statements" within the
meaning of federal securities laws. Such forward-looking statements
are subject to a number of risks and uncertainties, many of which
are beyond AMGPs control. All statements, other than historical
facts, included in this release are forward-looking statements. All
forward-looking statements speak only as of the date of this
release and are based upon a number of assumptions. Although AMGP
believes that the plans, intentions and expectations reflected in
or suggested by the forward-looking statements are reasonable,
there is no assurance that the assumptions underlying these
forward-looking statements will be accurate or the plans,
intentions or expectations expressed herein will be achieved.
Therefore, actual outcomes and results could materially differ from
what is expressed, implied or forecast in such statements. Nothing
in this release is intended to constitute guidance with respect to
Antero Midstream.
AMGP cautions you that these forward-looking statements are
subject to all of the risks and uncertainties, most of which are
difficult to predict and many of which are beyond AMGP's and Antero
Midstream's control, incident to Antero Midstream's business. These
risks include, but are not limited to, commodity price volatility,
inflation, environmental risks, drilling and completion and other
operating risks, regulatory changes, the uncertainty inherent in
projecting future rates of production, cash flow and access to
capital and the timing of development expenditures.
For more information, contact Michael
Kennedy – CFO of Antero Midstream GP LP at (303) 357-6782
or mkennedy@anteroresources.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/antero-midstream-gp-lp-announces-closing-of-initial-public-offering-300454601.html
SOURCE Antero Midstream GP LP