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  "documentTitle": "Antero Midstream Partners | Mergers and Acquisitions Presentation Deck | 21 slides",
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  "authorName": "Antero Resources",
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  "presentationDate": "2018-08-01 00:00:00",
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  "notes": "The chart displays 2018E and 2019E leverage ratios for four distinct financial scenarios.",
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      "text": "Net Debt / LTM EBITDA for four scenarios across 2018E and 2019E",
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      "text": "Financial and Strategic Considerations: Pro forma leverage >3.0x leads to higher credit spreads, negative investor reaction, and reduced financial flexibility.",
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      "text": "Rating Agency Considerations: J.P. Morgan believes leverage up to 3.0x is safe; >4.0x causes downgrade; 3.0-4.0x is 'grey zone'.",
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      "text": "Source: Antero management projections",
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      "kind": "title",
      "text": "AM / AMGP Standalone vs. Pro Forma Leverage Analysis",
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