Atlas Pipeline Partners, L.P. Successfully Increases Revolving Credit Facility

Atlas Pipeline Partners, L.P.

announced today that the Partnership has successfully amended its revolving credit facility which significantly increases the Partnership's borrowing capacity, extends the term of the facility, and lowers borrowing costs. The amended five year facility now matures on May 31, 2017, has an initial borrowing capacity of $600 million, and contains an accordion feature of up to an additional $200 million which, if exercised, will increase total available capacity to $800 million. This facility represents an increase of over 77% in total potential borrowing capacity over the existing revolving credit facility. The amended facility includes a reduction in borrowing costs for the Partnership, which, similar to the existing facility, is based on total leverage at the Partnership. The amended facility is structured with a reduction of 50 basis points at each leverage tier as compared to the current facility. Atlas Pipeline is also welcoming 8 new banks to the facility, which was substantially oversubscribed. ABN AMRO Capital, BB&T Company, Goldman Sachs Bank, Sovereign Bank, Regions Bank, OneWest Bank, Cadence Bank, and F&M Bank & Trust Company have now become participants in the facility. These new participants bring the total number of banks in the facility to 19 institutions. Wells Fargo acted as lead arranger and continues as the administrative agent for the facility.