ASCENT RESOURCES UTICA HOLDINGS ANNOUNCES EXPIRATION AND FINAL RESULTS OF ITS PREVIOUSLY ANNOUNCED EXCHANGE OFFER AND RELATED CONSENT SOLICITATION
Oklahoma City, Oklahoma, October 8, 2020 (PR Newswire) – Ascent Resources Utica Holdings, LLC (“Ascent”, the “Company” or “our”) and ARU Finance Corporation (together with the Company, the “Issuers”) today announced the expiration and final results of their previously announced (i) offer to exchange (the “Exchange Offer”) their outstanding 10.0% Senior Notes due 2022 (the “Old Notes”) 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”) and (ii) related Consent Solicitation (as defined below).
Read More →