Ascent Resources subsidiaries begin notes exchange offering

Ascent Resources Utica LLC (formerly known as American Energy – Utica LLC) (ARU) and ARU Finance Corp. (formerly known as AEU Finance Corp.), subsidiaries of Ascent Resources LLC (formerly known as American Energy Appalachia Holdings LLC), have begun a private offer to exchange, upon the terms and subject to the conditions set forth in the information memorandum, dated Jan. 21, the related letter of transmittal and the related beneficial owner information form, any and all of the outstanding 3.50% convertible subordinated notes due 2021 held by eligible holders for newly issued 3.50% convertible subordinated notes due 2021 and incremental junior secured loans due 2019.

The exchange offer will expire at 11:59 p.m., New York City time on Feb. 18, unless extended by the issuers. 

Ascent Resources – Utica LLC is focused on the acquisition, development, and production of unconventional natural gas, natural gas liquids, and oil resources in the Utica shale play in eastern Ohio.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...