The results of a note offering by Ascent Resources Utica Holdings, LLC of Oklahoma City were made available by the company.
In an announcement, Ascent said it had received tenders for a total of $549,234,000 of its outstanding 7.00% Senior Notes due 2026. The total represented 92% of the principal amount of the Notes outstanding.
It also excluded $10,689,000 of the notes that remain subject to the offer dated Oct. 2 of this year. The offer was by Ascent Resources Utica Holdings LLC and its wholly owned subsidiary, ARU Finance Corporation.
The offer expired at 5 p.m. New York City time on Oct. 8.
The Tender Offer was made pursuant to the terms and conditions contained in the Offer Documents. In accordance with the terms of the Tender Offer, the Offerors will pay the purchase price for the Notes validly tendered prior to the Expiration Time or pursuant to the Notice of Guaranteed Delivery on October 15, 2024. The Purchase Price to be paid for the Notes is $1,001.26 for each $1,000 principal amount of the Notes validly tendered and accepted for purchase pursuant to the Tender Offer, plus accrued and unpaid interest on the Notes validly tendered and accepted for purchase from the last interest payment date up to, but excluding, the Settlement Date.