Atlas Pipeline Partners, L.P. Announces New $350 Million Revolving Credit Facility

Atlas Pipeline Partners, L.P. APL announced today the successful completion of the amendment and extension of the Partnership's revolving credit facility. The new five year, $350 Million facility due December 22, 2015 replaces the $380 Million facility which was due July 27, 2013. The syndicated agreement includes pricing based on a leverage grid, including a base rate that equals LIBOR plus 250 basis points if the total Consolidated Funded Debt ratio is 3.0x or less. The facility contains an accordion provision of up to an additional $100 Million available to the Partnership at its discretion. Wells Fargo Bank, NA was the administrative agent and is joined at the lead level by BNP Paribas, Bank of America, NA, and Citi. The facility was oversubscribed and received commitments from 11 lenders with 5 being new to the bank group.