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Antero Resources (AR) just unveiled an announcement.
Antero Resources Corporation has announced the redemption of all its 4.25% Convertible Senior Notes due in 2026, with a total principal amount of $26,386,000, set for April 1, 2024. Noteholders will receive the full principal amount plus accrued interest until the redemption date. They also have the option to convert their notes into common stock until March 28, 2024, with the company choosing to deliver shares and cash for any fractional shares resulting from conversions. This strategic financial move is communicated through a press release, not as a formal notice of redemption.
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