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  "docSlug": "9b85265782831c7f163179464f64b5d1",
  "documentTitle": "Baird | Investment Banking Pitch Book | 26 slides",
  "authorId": "baird",
  "authorName": "Baird",
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  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2018-04-01 00:00:00",
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  "pageNumber": 12,
  "pageCount": 26,
  "prevPage": 11,
  "nextPage": 13,
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  "density": "balanced",
  "nDataPoints": 6,
  "notes": "The slide outlines the financial structure and rights associated with Series B units in the context of Antero Resources.",
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      "kind": "list",
      "text": "Overview: On Dec 31, 2016, Antero Resources Midstream Management contributed IDRs to IDR LLC for Series A units; Series B units reserved for employees; 3-year vesting.",
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      "kind": "list",
      "text": "Profits Interest: Represents profits interest with no capital account; entitles holders to 6% of quarterly distributions in excess of $7.5M.",
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      "text": "Redemption Right / Optional Exchange: Right to redeem vested units for AMGP common shares; capped at 6% of total shares; dilution formula provided.",
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      "kind": "title",
      "text": "SERIES B UNITS – SUMMARY OF KEY TERMS",
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