The sale to Cardinal included a 60% membership interest in Centrahoma Processing, which is a joint venture with MarkWest Energy Partners that operates two cryogenic processing plants in the Arkoma Basin with 100mmcfd of natural gas processing capacity.
In addition, Antero sold to Cardinal approximately 50 miles of gathering pipeline and an amine treating plant with 42mmcfd of capacity.
Following the midstream closing and application of proceeds to the repayment of bank debt, Antero has $532m of available and undrawn borrowing capacity under its new bank credit facility and $49m of cash on hand resulting in total liquidity of $581m.
