ASCENT RESOURCES UTICA HOLDINGS, LLC ANNOUNCES PRICING OF $300 MILLION OFFERING OF 8.250% SENIOR NOTES DUE 2028
OKLAHOMA CITY, December 14, 2020 -- Ascent Resources Utica Holdings, LLC (together with its subsidiaries, “Ascent”) announced today that it, with its wholly-owned subsidiary, ARU Finance Corporation, has priced a private offering of $300 million in aggregate principal amount of 8.250% senior unsecured notes due 2028 (the “2028 Notes”) at par. Ascent will use the proceeds of the 2028 Notes offering to pay down a portion of the outstanding borrowings under its revolving credit facility. Closing of the 2028 Notes offering is expected to occur on December 17, 2020, subject to customary closing conditions.
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