Antero Midstream Reports New Financial Obligation on Jan 11

TL;DR

**Antero Midstream just reported a new financial obligation, details are sparse but it's worth watching.**

AI Summary

Antero Midstream Corporation filed an 8-K on January 16, 2024, reporting an event on January 11, 2024, related to the creation of a direct financial obligation. While the filing indicates a new financial obligation, it does not specify the exact nature or amount of this obligation. This matters to investors because new financial obligations can impact the company's debt levels, cash flow, and ultimately, its profitability and stock valuation, even if the specific details are not yet public.

Why It Matters

New financial obligations can affect a company's balance sheet and future earnings, potentially influencing investor sentiment and stock price.

Risk Assessment

Risk Level: medium — The filing indicates a new financial obligation without providing specific details, creating uncertainty about its potential impact on the company.

Analyst Insight

Investors should monitor Antero Midstream's future filings and announcements for specific details regarding the nature and size of this new financial obligation to assess its potential impact on the company's financial health.

Key Players & Entities

• Antero Midstream Corporation (company) — the registrant filing the 8-K
• January 11, 2024 (date) — date of the earliest event reported
• January 16, 2024 (date) — date the 8-K was filed
• 001-38075 (other) — Commission File Number for Antero Midstream Corporation

Forward-Looking Statements

• Antero Midstream will provide more specific details about the financial obligation in a subsequent filing or earnings call. (Antero Midstream Corporation) — medium confidence, target: Q1 2024 earnings call

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 Per Share AM New York Stock Exchang
• $600,000,000 — d private placement (the "Offering") of $600,000,000 in aggregate principal amount of their

Filing Documents

• tm243358d1_8k.htm (8-K) — 34KB
• tm243358d1_ex4-1.htm (EX-4.1) — 771KB
• tm243358d1_ex99-1.htm (EX-99.1) — 7KB
• tm243358d1_ex99-1img001.jpg (GRAPHIC) — 3KB
• 0001104659-24-004113.txt ( ) — 1144KB
• am-20240111.xsd (EX-101.SCH) — 3KB
• am-20240111_lab.xml (EX-101.LAB) — 33KB
• am-20240111_pre.xml (EX-101.PRE) — 22KB
• tm243358d1_8k_htm.xml (XML) — 3KB

03 Creation of a Direct Financial Obligation under an Off-Balance Sheet Arrangement of a Registrant

Item 2.03 Creation of a Direct Financial Obligation under an Off-Balance Sheet Arrangement of a Registrant. On January 16, 2024, Antero Midstream Corporation's (the "Company") indirect, wholly owned subsidiaries, Antero Midstream Partners LP ("Antero Midstream Partners") and Antero Midstream Finance Corporation ("Finance Corp." and together with Antero Midstream Partners, the "Issuers") completed the previously announced private placement (the "Offering") of $600,000,000 in aggregate principal amount of their 6.625% Senior Notes due 2032 (the "Notes"). The net proceeds from the Offering will be used to repay indebtedness under Antero Midstream Partners' revolving credit facility, which amounts may be reborrowed for general corporate purposes, including repayment of near-term maturities. In connection with the Offering, the Issuers and each of the Guarantors (as defined below) entered into an indenture, dated as of January 16, 2024 (the "Indenture"), with Computershare Trust Company, N.A., as trustee. The Indenture contains customary terms, events of default and covenants relating to, among other things, the incurrence of debt, the payment of dividends or similar restricted payments, undertaking transactions with the Issuers' unrestricted affiliates, and limitations on asset sales. The Notes are guaranteed (the "Guarantees"), jointly and severally, on a senior unsecured basis by (i) the Company, (ii) Antero Midstream Partners' existing wholly owned subsidiaries (other than Finance Corp.) and (iii) Antero Midstream Partners' future wholly owned domestic subsidiaries that guarantee certain of Antero Midstream Partners' indebtedness (collectively, the "Guarantors"). The Notes and the Guarantees were issued and sold pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), pursuant to Section 4(a)(2) thereunder. The Notes were resold within the United States only to qualified institutional buyers in

01 Other Events

Item 8.01 Other Events. On January 11, 2024, the Company issued a press release, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference, announcing the pricing of the Notes. 2

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. EXHIBIT DESCRIPTION 4.1 Indenture, dated as of January 16, 2024, by and among Antero Midstream Partners LP, Antero Midstream Finance Corporation, the guarantors party thereto and Computershare Trust Company, N.A., as trustee. 4.2 Form of 6.625 % Senior Note due 2032 (included in Exhibit 4.1). 99.1 Press Release Announcing the Pricing of the Notes, dated January 11, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 3

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ANTERO MIDSTREAM CORPORATION By: /s/ Brendan E. Kreuger Brendan E. Krueger Chief Financial Officer, Vice President – Finance and Treasurer Dated: January 16, 2024 4

View Full Filing

View this 8-K filing on SEC EDGAR