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Antero Resources to spin off midstream assets in a $500 million IPO

February 7, 2014
AM

Antero Midstream Partners LP, which owns and operates a portion of Antero Resources' (NYSE: AR) midstream energy assets, filed on Friday with the SEC to raise up to $500 million in an initial public offering. The Denver, CO-based company, which was founded in 2014 and booked $36 million in sales for the 12 months ended September 30, 2013 (pro forma), plans to list on the NYSE under the symbol AM. Barclays, Citi and Wells Fargo Securities are the joint bookrunners on the deal. No pricing terms were disclosed.