Atlas Resource Partners LP (NYSE: ARP) priced the offering of an additional $100 million, in aggregate principal amount, of senior notes, the company said May 16.
The 7.75% notes are due 2021, Atlas said, noting that they are being sold at 99.5% of their face value.
The offer is scheduled to close June 2, the company said.
Proceeds will fund part of the company’s acquisition of the oil assets in Colorado’s Rangely Field, Atlas said. Prior to funding the acquisition, some or all of the proceeds could be used to ...