ASCENT RESOURCES UTICA HOLDINGS ANNOUNCES EARLY RESULTS OF ITS EXCHANGE OFFER AND CONSENT SOLICITATION, INCLUDING SATISFACTION OF THE MINIMUM TENDER CONDITION
Oklahoma City, Oklahoma, September 23, 2020 (PR Newswire) – Ascent Resources Utica Holdings, LLC (“Ascent”, the “Company” or “our”) today announced the results, as of the Early Tender Deadline (as defined below), of its previously announced offer to exchange (the “Exchange Offer”) its outstanding 10.0% Senior Notes due 2022 (the “Old Notes”) at par for a combination of new Second Lien Term Loans with a maturity date of November 1, 2025 (the “New Term Loans”) and new 9.0% Senior Notes due 2027 (the “New Notes” and, together with the New Term Loans, the “New Debt”).
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