Each one in plain English, with the numbers worked through for a shareholder.
21 Aug 2020capital raising announcement● NeutralMajor
On Aug 18, 2020 Antero agreed to sell $250 million of 4.25% convertible senior notes due Sept 1, 2026, closed Aug 21, 2020, with the initial purchasers holding an option for up to $50 million more. The notes can be converted into shares at about $4.34 per share (230.2026 shares per $1,000), settled in cash, shares or both at Antero's election; the filing gives a maximum of 69,060,750 shares issuable (82,872,900 if the option is fully used), so conversion could dilute shareholders. The filing does not state how the proceeds will be used.
Antero Resources filed an amended Schedule 13D saying it may be deemed to own 139,042,345 shares (29.18%) of Antero Midstream. It filed because Paul Rady and Glen Warren sold shares on May 5, 2020 and left the shareholder group; Antero sold none.
SailingStone Capital Partners LLC, SailingStone Holdings LLC, MacKenzie B. Davis, Kenneth L. Settles Jr reported a ANTERO RESOURCES Corp shareholding of 22,420,113 shares (7.37% of votes) in a periodic institutional filing.
FPR Partners, LLC, Andrew Raab, Bob Peck reported a ANTERO RESOURCES Corp shareholding of 30,758,308 shares (10.10% of votes) in a periodic institutional filing.
The Baupost Group, L.L.C, Baupost Group GP, L.L.C, Seth A. Klarman reported no remaining ANTERO RESOURCES Corp shareholding in its periodic institutional filing.
Warburg Pincus entities and Charles R. Kaye reported holding no Antero shares, falling below 5%. Joseph P. Landy reported 660,849 shares (0.0%), and Kaye and Landy were no longer deemed to own the funds' shares as of January 31, 2020.
Antero Resources filed an 8-K saying it had issued a press release announcing its financial and operational results for the quarter and year ended December 31, 2019. The filing itself gave no figures.
