Finance & Investing | Capital Markets
Atlas Pipeline Prices Public Note Offering
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Atlas Pipeline Partners LP has priced an underwritten public offering of 9,750,000 common units representing limited partner interests at an offering price of $31.00 per unit. The underwriters have been granted a 30-day option to purchase up to an additional 1,462,500 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 all of the net proceeds for general partnership purposes, which may include repayment of outstanding borrowings under its revolving credit facility.
Wells Fargo Securities, Deutsche Bank Securities, BofA Merrill Lynch, Barclays, Citigroup, Goldman, Sachs & Co., J.P. Morgan, Morgan Stanley, and…
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