Atlas Pipeline Partners LP Announces Public Offering Of Common Units

Tuesday, 16 Apr 2013 04:35pm EDT 

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. 

Company Quote

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17 Apr 2014