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Atlas Pipeline Partners Closes Offer

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March 25, 2014

On March 21, Atlas Pipeline Partners LP (NYSE: APL) closed an underwritten offering of an additional 660,000 class E cumulative redeemable perpetual preferred units at 8.25%, the company said March 24.

The additional class E units were offered after an underwriters’ option to purchase them was exercised, the company said.

Additional net proceeds of about $16 million were received from the over-allotment exercise, Atlas Pipeline said, noting that this brought total proceeds to about $122.2 million.

Proceeds will repay part of the revolving credit facility debt, the company said.

Morgan ...

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