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CM - Sixth Street Partners invests $402MM in Antero ORRIs - June 2020
Global investment group Sixth Street Partners bought overriding royalty interests across Antero Resources’ asset base for $402 million in a deal that closed on June 21 with an April 1 effective date. Sixth Street paid $300 million upfront, with $102 million more expected from two contingent payments of up to $51 million each based on thresholds relating to cumulative production net to the ORRI through Sept. 30, 2020 and March 31, 2021. After a......
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