Follow-On Offering

Energy
Follow-On Offering

Summary

Baird served as a co-manager on this offering

About

Atlas Resource Partners, L.P. (“Atlas” or the “Partnership”) (NYSE: ARP) recently completed a follow-on offering of 13,500,000 common units at a price of $19.90 per unit, generating gross proceeds of approximately $268.7 million. The Partnership intends to use the net proceeds from this offering to fund a portion of its previously-announced acquisition of oil assets in the Rangely Field in NW Colorado. Prior to funding the pending acquisition, Atlas 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 is an exploration & production master limited partnership which owns an interest in over 13,000 producing natural gas and oil wells, located primarily in Appalachia, the Barnett Shale (Texas), the Raton Basin (New Mexico) and Black Warrior Basin (Alabama). Atlas is also the largest sponsor of natural gas and oil investment partnerships in the U.S. The Partnership is headquartered in Pittsburgh, Pennsylvania.

For additional information about this transaction, please contact:

Curtis Goot (314) 445-6540
Frank Murphy (314) 445-6532
Nick Alfermann (314) 445-6531
Gary Placek (414) 765-3611
Energy
Follow-On Offering
Date
May 2014
Company
Atlas Resource Partners, L.P.
Transaction
M&A
Sectors
Energy
Target Location
North America

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