ASCENT RESOURCES UTICA HOLDINGS ANNOUNCES COMMENCEMENT OF EXCHANGE OFFER AND CONSENT SOLICITATION FOR ANY AND ALL OUTSTANDING 10.0% SENIOR NOTES DUE 2022
Oklahoma City, Oklahoma, September 10, 2020 (PR Newswire) – Ascent Resources Utica Holdings, LLC (“Ascent”, the “Company” or “our”) today announced it, with its wholly-owned subsidiary, ARU Finance Corporation (“Finco”), has commenced an offer to each Eligible Holder (as defined below) of their 10.0% Senior Notes due 2022 (the “Old Notes”) to exchange their Old Notes (the “Exchange Offer”) pursuant to the options set forth below, in each case upon the terms and subject to the conditions set forth in the confidential offering memorandum and consent solicitation statement dated September 10, 2020 (the “Offering Documents”).
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