Oklahoma City’s Ascent Resources Utica Holdings, LLC announced Thursday it has wrapped up $68 million in senior notes it had issued to be due 2022.
The company and its indirect wholly-owned subsidiary, ARU Finance Corporation closed on the remaining 10% senior notes due 2022. As a result, all of the 2022 notes have been cancelled.
In December 2020, Ascent Resources Utica Holdings announced the closing of $300 million in 8.250% senior notes due 2028.
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 Southern Ohio.
Source: press release