Atlas Resource Partners, L.P. (NYSE: ARP) announced today the closing of its previously announced public offering and the full exercise of the underwriters’ over-allotment option to purchase additional common units. Including the units purchased in the over-allotment option, ARP issued a total of 14,950,000 common units at an offering price of $21.75 per unit. The net proceeds of the offering, including the exercise of the over-allotment option, after underwriting discounts and estimated expenses, are approximately $313.1 million.
ARP intends to use the net proceeds from this offering to fund a portion of its previously announced 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 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 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 DepartmentHarborside Financial Center100 Plaza OneJersey City, New Jersey 07311Phone: 800-503-4611