Market Overview

Atlas Resource Partners Prices 7.6M Unit Offering at $23.01/Unit

Atlas Resource Partners, L.P. (NYSE: ARP) announced today that it has
priced a public offering of 7,600,000 common units representing limited
partner interests at an offering price of $23.01 per unit. The
underwriters have been granted a 30-day option to purchase up to an
additional 1,140,000 common units.

ARP intends to use the net proceeds from this offering to fund a portion
of its acquisition of oil and natural gas producing assets and
undeveloped acreage in the Fort Worth Basin (TX) from DTE 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.

See full press release

Posted-In: News Guidance Management

 

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