Atlas Pipeline Partners, L.P. Prices $175M Offering Of Senior Notes Due 2020

Atlas Pipeline Partners APL ("APL", "Atlas Pipeline", or the "Partnership") announced today that Atlas Pipeline Escrow, LLC, its newly formed wholly-owned subsidiary, has priced an offering of $175 million aggregate principal amount of the Partnership's 6.625% Senior Notes due 2020. The notes were priced at 103% of their principal amount, plus accrued interest from September 28, 2012, representing a yield to worst of 6.003%. The Partnership intends to use the net proceeds from this offering of approximately $176.9 million to fund a portion of its acquisition of Cardinal Midstream, LLC, a private midstream operator, to pay fees and expenses in connection with the pending acquisition, and for general corporate purposes. The sale of the notes is expected to settle on December 20, 2012, subject to customary closing conditions. The notes will not be registered under the Securities Act of 1933 or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and applicable state securities laws. The notes may be resold by the initial purchasers pursuant to Rule 144A and Regulation S under the Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor there be any sale of these securities in any state in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.