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  "documentTitle": "Goldman Sachs | Investment Banking Pitch Book | 27 slides",
  "authorId": "goldman-sachs",
  "authorName": "Goldman Sachs",
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  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2018-03-01 00:00:00",
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  "notes": "Goldman Sachs Investment Banking Division slide.",
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      "kind": "list",
      "text": "Financial Impact: Divergent valuation between AMGP (2.8% yield) and AM (6.5% yield) will drive divergent cash flow impacts; Investor view of growth profile requires consideration of pro forma trading levels.",
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      "text": "Tax Considerations: Exchange of taxable AMGP units for pass-through AM units would create a taxable transaction; AMGP would receive value of step-up in basis, creating tax shield.",
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      "text": "Projections: Midstream cash flows to LP and GP driven by Antero Resources production growth; Growth profile makes intrinsic value sensitive to financial projections; Important to consider implications of forecast case(s).",
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      "text": "Process and Other Considerations: Treatment of Series A and B interests; Special Committee evaluation scope; Anticipated timetable; Governance/ownership changes.",
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      "kind": "title",
      "text": "Antero Midstream GP Specific Considerations",
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