PHILADELPHIA--(BUSINESS WIRE)--Atlas Energy, L.P. (NYSE: ATLS) announced today that it has established a new $50 million revolving credit facility through its group of five institutional lenders. Borrowings under the facility will bear interest at Libor plus a spread in a range of 350 bps to 450 bps, depending upon the level of utilization of the facility. The credit facility is secured by ATLS’ general and limited partner interests in Atlas Resource Partners, L.P. (NYSE:ARP - News) and Atlas Pipeline Partners, L.P. (NYSE:APL - News).
Wells Fargo was the administrative agent, and both Wells Fargo and Deutsche Bank were joint lead arrangers and book runners.
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