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Atlas Resource Partners, L.P. Message Board

  • phoenix773 phoenix773 Jan 16, 2013 7:10 PM Flag


    Debt upon debt upon debt.It never seems to stop.It looks like I will have to sell and buy another company has has less debt.

    Atlas Resource Partners, L.P. Announces Pricing of Senior Notes Offering
    Ticker Symbol: U:ARP U:ATLS

    PHILADELPHIA -- (Business Wire) --

    Atlas Resource Partners, L.P. (NYSE: ARP) (“ARP” or “the Company”) announced today the pricing of a private offering of $275 million aggregate principal amount of 7 ¾% Senior Notes due 2021 issued at par. ARP intends to use the net proceeds from the offering to repay all borrowings under its term loan credit facility and a portion of the borrowings under its revolving credit facility. The offering is expected to close on January 23, 2013, subject to the satisfaction of customary closing conditions.

    Sentiment: Strong Sell

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3.23+0.09(+2.87%)Oct 8 4:02 PMEDT