Key Developments: Atlas Pipeline Partners LP (APL.N)
38.50USD
1 Aug 2013
$0.60 (+1.58%)
$37.90
$38.22
$39.07
$38.21
43,950
100,083
$40.02
$29.56
Latest Key Developments (Source: Significant Developments)
Atlas Pipeline Partners LP Announces Increased Quarterly Distribution Of $0.62 Per Common Unit
Atlas Pipeline Partners LP announced that the Partnership has declared a quarterly cash distribution for the second quarter of 2013 of $0.62 per common limited partner unit, payable on August 14, 2013 to holders of record as of August 7, 2013. Full Article
Atlas Pipeline Partners LP Reaffirms FY 2013 And FY 2014 EBITDA Guidance-Conference Call
Atlas Pipeline Partners LP announced that its range for fiscal 2013 guidance is $360 million to $400 million of adjusted EBITDA. The Company's range for fiscal 2014 that it came out with is $450 million to $500 million of adjusted EBITDA. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $361 million for fiscal 2013 and EBITDA of $468 million for fiscal 2014. Full Article
Atlas Pipeline Partners LP Reaffirms FY 2014 EBITDA Guidance
Atlas Pipeline Partners LP announced that for fiscal 2014, it expects adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) of $450 million to $500 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EBITDA of $468 million for fiscal 2014. Full Article
Atlas Pipeline Partners LP Prices $400 Million Offering Of Senior Notes Due 2021
Atlas Pipeline Partners LP and its subsidiary, Atlas Pipeline Finance Corporation, announced that it has priced a private offering of $400 million aggregate principal amount of 4.75% Senior Notes due 2021. The aggregate principal amount was increased from the previously announced aggregate principal amount of $325 million. The notes were priced at par and the Partnership intends to use the net proceeds from this offering of approximately $392 million to reduce obligations under its revolving credit facility, and for general partnership purposes. The sale of the notes is expected to settle on May 10, 2013, subject to customary closing conditions. Full Article
Atlas Pipeline Partners LP Announces Offering Of Senior Notes Due 2021
Atlas Pipeline Partners LP announced that it intends to offer $325 million of Senior Notes due 2021 in a private placement, subject to market conditions. The Partnership intends to use the net proceeds from this offering to repay outstanding amounts under its revolving credit facility, including amounts drawn to partially fund the previously announced TEAK Midstream, L.L.C. acquisition. Full Article
Atlas Pipeline Partners LP Raises FY 2013 EBITDA Guidance; Issues FY 2014 EBITDA Guidance Above Analysts' Estimates-Conference Call
Atlas Pipeline Partners LP announced that for fiscal 2013, it expects adjusted EBITDA to range between approximately $360 million and $400 million. For fiscal 2014, it expects adjusted EBITDA between $450 million and $500 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EBITDA of $354 million for fiscal 2013 and EBITDA of $443 million for fiscal 2014. Full Article
Atlas Pipeline Partners LP Announces Increased Quarterly Distribution Of $0.59 Per Common Unit
Atlas Pipeline Partners LP announced that it has declared a quarterly cash distribution for the first quarter of 2013 of $0.59 per common limited partner unit, payable on May 15, 2013 to holders of record as of May 8, 2013. Full Article
Atlas Pipeline Partners LP Closes Public Offering Of Common Units, Including Full Exercise Of Underwriters' Option To Purchase Additional Common Units
Atlas Pipeline Partners LP announced the closing of the Partnership's previously announced underwritten public offering of 11,845,000 common limited partner units at an offering price to the public of $34.00 per unit, which includes 1,545,000 units purchased pursuant to the full exercise of the underwriters' option to purchase additional units. The net proceeds of the common equity offering, including the exercise of the underwriters' option to purchase additional units, and the Partnership's general partner's proportionate capital contribution, and after underwriting discounts and estimated expenses, will be approximately $396.6 million. The Partnership intends to use the net proceeds from this offering to fund a portion of its acquisition of TEAK Midstream, L.L.C., a private midstream operator. Prior to funding the pending acquisition, APL may use some or all of the net proceeds for general partnership purposes, which may include repayment of outstanding borrowings under its revolving credit facility. Citigroup, BofA Merrill Lynch, Deutsche Bank Securities, J.P. Morgan, Morgan Stanley, and Wells Fargo Securities are acting as joint book-running managers for this offering. Full Article
Atlas Pipeline Partners LP Announces Pricing Of Public Offering Of Common Units
Atlas Pipeline Partners LP announced that it has priced an underwritten public offering of 10,300,000 common units representing limited partner interests at an offering price of $34.00 per unit. The underwriters have been granted a 30-day option to purchase up to an additional 1,545,000 common units. The Partnership intends to use the net proceeds from this offering to fund a portion of its acquisition of TEAK Midstream, L.L.C., a private midstream operator. Prior to funding the pending acquisition, APL may use some or all of the net proceeds for general partnership purposes, which may include repayment of outstanding borrowings under its revolving credit facility. Citigroup, BofA Merrill Lynch, Deutsche Bank Securities, J.P. Morgan, Morgan Stanley, and Wells Fargo Securities are acting as joint book-running managers for this offering. Full Article
Atlas Pipeline Partners LP Announces Public Offering Of Common Units
Atlas Pipeline Partners LP announced that it has commenced an underwritten public offering of 10,300,000 common units representing limited partner interests. Citigroup, BofA Merrill Lynch, Deutsche Bank Securities, J.P. Morgan, Morgan Stanley, and Wells Fargo Securities are acting as joint book-running managers for this offering. The underwriters have been granted a 30-day option to purchase up to an additional 1,545,000 common units. The Partnership intends to use the net proceeds from this offering to fund a portion of its acquisition of TEAK Midstream, L.L.C., a private midstream operator. Prior to funding the pending acquisition, APL may use some or all of the net proceeds for general partnership purposes, which may include repayment of outstanding borrowings under its revolving credit facility. Full Article
BRIEF-Atlas Pipeline down in extended trading
NEW YORK, April 29 - Atlas Pipeline Partners LP : * Shares down 3.7 percent in extended trading after results

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