Press release from PR Newswire
Atlas Pipeline Partners, L.P. Prices $325 Million Offering of Senior Notes Due 2020
Tuesday, September 25, 2012
Atlas Pipeline Partners, L.P. Prices $325 Million Offering of Senior Notes Due 202016:15 EDT Tuesday, September 25, 2012PHILADELPHIA, Sept. 25, 2012 /PRNewswire/ -- Atlas Pipeline Partners, L.P. (NYSE: APL) ("APL", "Atlas Pipeline", or the "Partnership") and its subsidiary, Atlas Pipeline Finance Corporation, announced today that it has priced a private offering of $325 million aggregate principal amount of 6.625% Senior Notes due 2020. The aggregate principal amount was increased from the previously announced aggregate principal amount of $300 million. The notes were priced at par and the Partnership intends to use the net proceeds from this offering of approximately $319.1 million to repay a portion of the outstanding indebtedness under its revolving credit facility. The sale of the notes is expected to settle on September 28, 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 shall 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.Atlas Pipeline Partners, L.P. (NYSE: APL) is active in the gathering and processing segments of the midstream natural gas industry. In Oklahoma, southern Kansas, northern and western Texas, and Tennessee, APL owns and operates nine active gas processing plants as well as approximately 9,700 miles of active intrastate gas gathering pipeline. APL also has a 20% interest in West Texas LPG Pipeline Limited Partnership, which is operated by Chevron Corporation. For more information, visit the Partnership's website at www.atlaspipeline.com or contact IR@atlaspipeline.com.Atlas Energy, L.P. (NYSE: ATLS) is a master limited partnership which owns all of the general partner interest and approximately 52% of the limited partner interests in its upstream oil & gas subsidiary, Atlas Resource Partners, L.P. Additionally, Atlas Energy owns and operates the general partner of its midstream oil & gas subsidiary, Atlas Pipeline Partners, L.P., through which it owns a 2% general partner interest, all the incentive distribution rights and an approximate 11% limited partner interest. For more information, please visit our website at www.atlasenergy.com, or contact Investor Relations at InvestorRelations@atlasenergy.comCertain matters discussed within this press release are forward-looking statements. Although Atlas Pipeline Partners, L.P. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Atlas Pipeline does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in commodity process and local or national economic conditions and other risks detailed from time to time in Atlas Pipeline's reports filed with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K.Contact:Matthew SkellyVice President Investor Relations1845 Walnut StreetPhiladelphia, PA 19103(877) 950-7473 (215) 561-5692 (facsimile)SOURCE Atlas Pipeline Partners, L.P.