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Atlas Resource Partners LP Announces Public Offering of Common Units


Monday, 10 Jun 2013 07:58am EDT 

Atlas Resource Partners, L.P. announced that it has commenced an underwritten public offering of 12,250,000 common units representing limited partner interests. Wells Fargo Securities, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, J.P. Morgan, Morgan Stanley and RBC Capital Markets 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 1,837,500 common units. ARP intends to use the net proceeds from this offering to fund a portion of its acquisition of natural gas assets from EP Energy. Prior to funding the pending acquisition, ARP 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

10.48
-0.1 -0.95%
11:33am EST