Atlas Pipeline Partners LP (NYSE: APL) has priced its private offering of US $650 million of 5.875% senior notes due 2023.
Net proceeds will be used to redeem any or all of its outstanding 8¾% senior notes due 2018 in a tender offer and repay a portion of its outstanding indebtedness under its existing credit facility.
The sale is expected to settle on Feb. 11.
Based in Pittsburgh, Atlas Pipeline Partners is active in the gathering and processing segments of the midstream natural gas industry. ...