Market Overview

Atlas Resource Partners Prices 13M Unit Offering at $21.75/Unit


Atlas Resource Partners, L.P. (NYSE: ARP) announced Monday that it has
priced a public offering of 13,000,000 common units representing limited
partner interests at an offering price of $21.75 per unit. The
underwriters have been granted a 30-day option to purchase up to an
additional 1,950,000 common units.

ARP intends to use the net proceeds from this offering to fund a portion
of its 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

See full press release

Posted-In: News Guidance Contracts Asset Sales Management Global


Related Articles (ATLS + ARP)

View Comments and Join the Discussion!

C&F Financial Corporation to Acquire Central Virginia Bankshares for $0.32/Share

US Stock Futures Down Ahead Of Wholesale Trade Data