DENVER, March 12, 2019 /PRNewswire/ -- Antero
Midstream Partners LP (NYSE: AM) ("Antero Midstream" or the
"Partnership") and Antero Midstream GP LP (NYSE: AMGP)
("AMGP") announced today the closing of the previously announced
simplification transaction between Antero Midstream and AMGP.
On October 9, 2018, Antero
Midstream and AMGP announced that they entered into a definitive
agreement for AMGP to acquire all outstanding AM common units, both
those held by the public and those held by Antero Resources
Corporation (NYSE: AR), in a stock and cash transaction. In
connection with this transaction, AMGP converted into a corporation
and was renamed Antero Midstream Corporation.
On March 13, 2019, Antero
Midstream Corporation's common stock will begin trading on the New
York Stock Exchange under the ticker symbol "AM". Antero Midstream
common units and AMGP common shares will no longer be publicly
traded.
Antero Midstream Corporation is a Delaware corporation that owns, operates and
develops midstream gathering, compression, processing and
fractionation assets located in West
Virginia and Ohio, as well
as integrated water assets that primarily service Antero Resources'
properties.
Antero Midstream is a limited partnership that owns, operates
and develops midstream gathering, compression, processing and
fractionation assets located in West
Virginia and Ohio, as well
as integrated water assets that primarily service Antero Resources
Corporation's properties. Holders of Antero Midstream common units
will receive a Schedule K-1 with respect to distributions received
on the common units during the period of 2019 that preceded the
closing of the simplification transaction. Holders of Antero
Midstream common units who receive Antero Midstream Corporation
common stock will receive a Form 1099 with respect to any dividends
they receive on such Antero Midstream Corporation common stock
following the closing of the simplification transaction.
For more information, contact Michael
Kennedy — CFO of Antero Midstream Corporation at (303)
357-6782 or mkennedy@anteroresources.com.
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SOURCE Antero Midstream Partners LP; Antero Midstream GP LP