Finance & Investing | Capital Markets
Atlas Pipeline Partners Initiates Public Offering
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Atlas Pipeline Partners LP has commenced an underwritten public offering of 9,250,000 common units representing limited partner interests.
Wells Fargo Securities, LLC, Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and RBC Capital Markets, LLC are acting as joint book-running managers for this offering.
The underwriters have been granted a 30-day option to purchase up to an additional 1,387,500 common units.
The Partnership intends to use the net proceeds from this offering to fund a portion of its acquisition of Cardinal Midstream, a private midstream operator. Prior to funding the pending acquisition, APL may use some or…
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