Follow-On Offering

Energy
Follow-On Offering

Summary

Baird served as a co-manager on this offering

About

Atlas Pipeline Partners, L.P. (“Atlas Pipeline Partners” or the “Partnership”) (NYSE: APL) recently completed a follow-on offering of 11,845,000 common units at a price of $34.00 per unit, generating gross proceeds of approximately $402.7 million. The Partnership intends to use the net proceeds from the offering to fund a portion of its acquisition of TEAK Midstream, L.L.C, a private midstream operator. Prior to funding the pending acquisition, Atlas Pipeline Partners 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 publicly traded master limited partnership that is active in the gathering and processing segments of the midstream natural gas industry. The Partnership owns and operates 13 active gas processing plants, 18 gas treating facilities, as well as approximately 10,100 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
April 2013
Company
Atlas Pipeline Partners, L.P.
Transaction
M&A
Sectors
Energy
Target Location
North America

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