Atlas Pipeline Partners, L.P. Prices $150 Million Offering of Additional Senior Notes Due 2018

PHILADELPHIA--(BUSINESS WIRE)--Atlas Pipeline Partners, L.P. (NYSE: APL) (“APL”, “Atlas Pipeline”, or the “Partnership”) announced today that it has priced an add-on private offering of $150 million aggregate principal amount of its 8.75% Senior Notes due 2018. The aggregate principal amount was increased from the previously announced aggregate principal amount of $125 million. The notes were priced at 103.50% of their principal amount, plus accrued interest from June 15, 2011, representing a yield to worst of 7.821%. The Partnership intends to use the net proceeds from this offering of approximately $152.3 million to repay a portion of the outstanding indebtedness under its credit facility. The sale of the notes is expected to settle on November 21, 2011, subject to customary closing conditions.