Brief: Antero Midstream Agrees To Acquire Bolt-On Marcellus Gathering And Compression System

Antero Midstream

12/09/2022 22:30

Sept 12 (Reuters) - Antero Midstream Corp  AM.N :
    * ANTERO MIDSTREAM AGREES TO ACQUIRE BOLT-ON MARCELLUS
GATHERING
AND COMPRESSION SYSTEM
    * ANTERO MIDSTREAM CORP - TO ACQUIRE MARCELLUS SHALE GAS
GATHERING
AND COMPRESSION ASSETS FROM CRESTWOOD EQUITY PARTNERS FOR $205
MILLION IN CASH
    * ANTERO MIDSTREAM CORP SAYS TRANSACTION ESTIMATED TO BE
MORE THAN
10% ACCRETIVE TO FREE CASH FLOW AFTER DIVIDENDS THROUGH 2026
    * ANTERO MIDSTREAM CORP SAYS TRANSACTION INCREASES ANTERO
MIDSTREAM'S COMPRESSION CAPACITY BY 20% AND GATHERING PIPELINE
MILEAGE BY 15%
    * ANTERO MIDSTREAM CORP- TRANSACTION WILL BE FINANCED WITH
BORROWINGS UNDER ANTERO MIDSTREAM'S REVOLVING CREDIT FACILITY
    * ANTERO MIDSTREAM CORP SAYS TRANSACTION MULTIPLE OF ABOUT
6X NEXT
TWELVE MONTHS ESTIMATED ADJUSTED EBITDA, EXCLUDING SYNERGIES

Source text for Eikon:  ID:nPn3NL1wXa 
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