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CM - Antero’s borrowing base at $2.85B; spending set to fall 41% - May 2020

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Lenders for Antero Resources Corp. increased the company’s borrowing base by $350 million to $2.85 billion, the company said in its Q1 results. Lender commitments were reaffirmed at $2.64 billion, and the next borrowing base redetermination will be in October. The facility will mature Oct. 26, 2022, or 91 days prior to the earliest stated redemption date of any series of the company’s senior notes then outstanding. At the end of Q1, Antero had......
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