Here's the Deal
 

Baird's Investment Banking Group is pleased to announce the following transaction:

December 2012


Atlas Pipeline Partners, L.P.
Follow-On Offering
$302.3 Million


Baird served as a senior co-manager on this offering


Atlas Pipeline Partners, L.P. (NYSE: APL) (“Atlas Pipeline Partners” or the “Partnership”) recently completed a follow-on offering of 9,750,000 common units at a price of $31.00 per unit, generating gross proceeds of approximately $302.3 million. The Partnership intends to use the net proceeds from the offering to fund a portion of its acquisition of Cardinal Midstream, a private midstream operator. Prior to funding the pending acquisition, the Partnership 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.

Atlas Pipeline Partners is a master limited partnership that is active in the gathering and processing segments of the midstream natural gas industry. The Partnership owns and operates nine active gas processing plants, as well as approximately 9,700 miles of active intrastate gas gathering pipeline in Oklahoma, southern Kansas, northern and western Texas and Tennessee. Additionally, the Partnership has a 20% interest in West Texas LPG Pipeline Limited Partnership, which is operated by Chevron Corporation.

For additional information about this transaction, please contact:
Managing Director, Co-Head of Energy
(314) 445-6540
Managing Director, Co-Head of Energy
(314) 445-6532
Director
(314) 445-6533
Managing Director
(414) 765-3611

Social Icons

Careers|Help|Site Map|Important Disclosures|Privacy Policy|Financial Information|Business Continuity
©2013 Robert W. Baird & Co. Incorporated.
Global Websites: Europe | Asia
The services featured on this Web site may not be available in all jurisdictions or to all persons/entities. For more information, please see Important Disclosures. Robert W. Baird & Co. Incorporated. Member SIPC.