Follow-On Offering

Energy
Follow-On Offering

Summary

Baird served as a senior co-manager on this offering

About

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:

Curtis Goot (314) 445-6540
Frank Murphy (314) 445-6532
Kjell Lundal (314) 445-6533
Gary Placek (414) 765-3611
Energy
Follow-On Offering
Date
December 2012
Company
Atlas Pipeline Partners, L.P.
Transaction
M&A
Sectors
Energy
Target Location
North America

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