$400 million note offering closed by Ascent Resources

 

Oklahoma City’s Ascent Resources Utica Holdings, LLC announced on Monday the closing of a $400 million senior note offering.

The company along with its wholly-owned subsidiary, ARU Finance Corporation closing the offering of 5.875% senior unsecured notes due 2029.

Ascent had earlier stated it will use proceeds from the note offering to pay down a portion of the outstanding borrowings under its revolving credit facility.

The 2029 Notes were 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.

Source: press release