Atlas Resource Partners, L.P. (NYSE: ARP) announced today that it has priced a public offering of 7,600,000 common units representing limited partner interests at an offering price of $23.01 per unit. The underwriters have been granted a 30-day option to purchase up to an additional 1,140,000 common units.
ARP intends to use the net proceeds from this offering to fund a portion of its acquisition of oil and natural gas producing assets and undeveloped acreage in the Fort Worth Basin (TX) from DTE 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 Securities, J.P. Morgan, Morgan Stanley and RBC Capital Markets are acting as joint book-running managers for this offering.
The offering is being made only through the prospectus supplement and accompanying prospectus, which is part of a registration statement that became effective on April 13, 2012. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
Copies of the prospectus and accompanying preliminary prospectus supplement relating to these securities may be obtained by contacting:
Wells Fargo SecuritiesAttn: Equity Syndicate Department375 Park AvenueNew York, NY 10152Phone: (800) 326-5897Email:
BofA Merrill Lynch222 BroadwayNew York, NY 10038Attn: Prospectus DepartmentEmail:
CitigroupAttn: Prospectus Dept.Brooklyn Army Terminal140 58
FloorBrooklyn, NY 11220Phone: (800) 831-9146Email:
Deutsche Bank SecuritiesAttn: Prospectus Group60 Wall StreetNew York, NY 10005Phone: 800-503-4611