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Energy Atlas Resource Partners prices public offering

Atlas Resource Partners prices public offering

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Robert Francis
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

. Lee Graham Reporter

Atlas Resource Partners LP, which owns an interest in thousands of North Texas natural gas and oil wells, has priced a public offering of 13 million common units representing limited partner interests at an offering price of $21.75 per unit. Underwriters have been granted a 30-day option to purchase up to 1,950,000 more common units. Atlas plans to use net proceeds from the offering to fund part of its acquisition of natural gas assets from EP Energy. Before funding the pending acquisition, Atlas said it 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. Acting as joint book-running managers for the offering are Wells Fargo Securities, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, J.P. Morgan, Morgan Stanley and RBC Capital Markets. Atlas Resource Partners LP, an exploration and production master limited partnership, owns an interest in more than 10,000 producing natural gas and oil wells, primarily in North Texas’ Barnett Shale and Appalachia. More information is available at www.atlasresourcepartners.com.

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