Atlas Resource Partners, L.P. Announces Pricing of Senior Notes Offering
PHILADELPHIA--(BUSINESS WIRE)--Atlas Resource Partners, L.P. (NYSE: ARP) (“ARP” or “the Company”) announced today the pricing of a private offering of $250 million aggregate principal amount of 9 1/4% Senior Notes due 2021 issued at 99.297%. ARP intends to use the net proceeds from the offering to fund a portion of its previously announced acquisition of natural gas assets from EP Energy E&P Company, L.P. The notes will initially be issued by ARP’s wholly-owned subsidiary, Atlas Resource Escrow Corporation, and upon consummation of the EP acquisition, will be assumed by Atlas Energy Holdings Operating Company, LLC and Atlas Resource Finance Corporation, each wholly-owned subsidiaries of ARP. The offering is expected to close on July 30, 2013, subject to the satisfaction of customary closing conditions.