Antero Midstream Initiates Redemption of $650 Million 5.75% Senior Notes Due 2028

Complete Redemption of $650 Million Senior Notes Due 2028

Antero Midstream Corporation revealed its plan to redeem the full $650 million principal amount of its 5.75% Senior Notes originally due in 2028. The redemption notice was issued on July 24, 2026, with the effective redemption date set for August 8, 2026. This early redemption fully retires the debt, eliminating the company’s obligation to repay these notes at their scheduled 2028 maturity. The move highlights management’s proactive debt management and capital allocation strategy.

The redemption price is at par value, ensuring noteholders receive 100% of their principal investment. In addition, accrued and unpaid interest will be paid up to, but not including, the August 8, 2026 redemption date. This standard redemption pricing guarantees investors are compensated for the interest accrued through the redemption date.

Redemption Pricing and Investor Compensation Details

The redemption price equals 100.00% of the principal amount plus accrued and unpaid interest calculated through the redemption date. This par redemption means investors will recover their full principal without premium or discount. Accrued interest payment ensures noteholders are compensated for the investment period since the last interest payment date through August 8, 2026.

Holders of these 5.75% Senior Notes should prepare for the August 8, 2026 redemption to ensure smooth settlement. The use of par pricing suggests no significant credit concerns influenced the redemption decision, providing transparency on expected investor returns on the redemption date.

Redemption Notice Timing and Regulatory Compliance

The redemption announcement on July 24, 2026, provides approximately two weeks’ notice before the August 8, 2026 redemption date, allowing investors and custodians adequate time to process and prepare for settlement. The Notice of Redemption dated July 24, 2026, fulfills formal notice requirements under the senior notes indenture and applicable securities regulations.

The Form 8-K filing dated July 27, 2026, serves as a regulatory update disclosing the redemption decision but is not the official redemption notice. The binding redemption notice is the Notice of Redemption dated July 24, 2026, clarifying the proper source and effective date of the redemption call.

Details of the Debt Instrument and Original Terms

The 5.75% Senior Notes due 2028 are fixed-income securities issued by Antero Midstream with a 5.75% annual coupon rate. Originally maturing in 2028, the early redemption accelerates repayment to August 8, 2026, approximately two years ahead of schedule. The $650 million principal amount outstanding represents the full balance of this debt series held by investors.

The fixed 5.75% coupon reflects the company’s borrowing costs at issuance and remains unchanged. Early redemption removes this fixed coupon liability from the balance sheet, allowing management to optimize the debt structure. Such early calls typically indicate improved financial conditions, refinancing opportunities, or strategic capital deployment decisions.

Regulatory Disclosure and Fair Disclosure Compliance

Antero Midstream made this disclosure under Regulation FD (Fair Disclosure), which mandates simultaneous release of material information to all market participants. The company filed a Form 8-K under Item 7.01 (Regulation FD Disclosure), confirming the redemption announcement as material non-public information requiring timely disclosure. This ensures equal access to information and prevents selective disclosure or market manipulation.

The filing notes that information in Item 7.01 is not deemed filed under Section 18 of the Securities Exchange Act of 1934 and is not subject to related liabilities. It also clarifies that the information is not incorporated by reference in other filings unless explicitly stated. This standard disclaimer is typical for Regulation FD disclosures.

Corporate Structure and Stock Exchange Listing

Antero Midstream Corporation is incorporated in Delaware with Commission File Number 001-38075 and IRS Employer Identification Number 61-1748605. Its principal offices are located at 1615 Wynkoop Street, Denver, Colorado 80202. The company’s common stock trades on the New York Stock Exchange under the ticker symbol AM, providing liquidity for public investors. Investor inquiries can be directed to (303) 357-7310.

The Delaware incorporation offers a well-established legal framework for governance. The NYSE listing ensures robust trading infrastructure, regulatory oversight, and listing standards. The company maintains standard channels for investor communications regarding corporate developments.

Authorization and Execution of Redemption Filing

Justin J. Agnew, Chief Financial Officer and Vice President of Finance at Antero Midstream, signed the disclosure on July 27, 2026. The CFO’s signature confirms management approval and oversight of the redemption decision and regulatory filing. This ensures accuracy and accountability in the information presented to investors and regulators.

The three-day gap between the July 24 redemption announcement and the July 27 Form 8-K filing aligns with typical corporate disclosure timelines. The CFO’s involvement underscores management’s responsibility for the completeness and correctness of the disclosure.

Financial Impact of Early Debt Redemption

Redeeming $650 million of senior notes early represents a significant capital allocation by Antero Midstream. By retiring the debt at par before maturity, the company removes the 5.75% coupon obligation from its balance sheet, potentially lowering future interest expenses depending on financing methods.

The announcement does not specify how the redemption will be funded—whether through cash reserves, new borrowing, or asset sales. Investors will monitor for further disclosures detailing the funding source and any impacts on leverage, liquidity, or capital structure. This move reflects management’s strategy to optimize debt levels and cost of capital.

Investor Guidance and Next Steps

Holders of the 5.75% Senior Notes due 2028 should note that all outstanding notes are being redeemed, with none remaining after August 8, 2026. Investors should coordinate with custodians and brokers to ensure proper processing of the redemption. Coupon payments will cease after redemption, and principal will be returned on the effective date.

The immediate effect on Antero Midstream’s stock price was not evident from public information. Investors are advised to watch the company’s equity performance and future communications for insights into capital allocation and debt management strategies. No details on refinancing or alternative capital uses have been disclosed in connection with this redemption.