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Atlas Resource Partners LP Announces Closing Of Public Offering And Full Exercise Of Over-Allotment Option To Purchase Additional Common Units


Friday, 14 Jun 2013 04:16pm EDT 

Atlas Resource Partners LP announced the closing of its previously announced public offering and the full exercise of the underwriters' over-allotment option to purchase additional common units. Including the units purchased in the over-allotment option, ARP issued a total of 14,950,000 common units at an offering price of $21.75 per unit. The net proceeds of the offering, including the exercise of the over-allotment option, after underwriting discounts and estimated expenses, are approximately $313.1 million. ARP intends to use the net proceeds from this offering to fund a portion of its previously announced 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. 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. 

Company Quote

16.47
-0.11 -0.66%
26 Nov 2014