Finance & Investing | Fundraising | Capital Markets
Atlas Resource Partners Launches Public Unit Offering
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Atlas Resource Partners, L.P. has commenced a public offering of Class E Cumulative Redeemable Perpetual Preferred Units pursuant to an effective shelf registration statement on Form S-3, filed with the Securities and Exchange Commission.
ARP will grant the underwriters a 30-day option to purchase additional Class E Preferred Units. ARP intends to use the net proceeds from the offering for general partnership purposes, which may include repayment of borrowings under its revolving credit facility.
MLV & Co. LLC, Ladenburg Thalmann, National Securities Corporation, Northland Capital Markets and U.S. Capital Advisors LLC will act as the joint book-running managers of the offering.