Atlas Resource Partners, L.P. Announces Pricing of Senior Notes Offering
Atlas Resource Partners, L.P. (NYSE: ARP) (“ARP” or “the Company”)
announced today the pricing of a private offering of $275 million
aggregate principal amount of 7 ¾% Senior Notes due 2021 issued at par.
ARP intends to use the net proceeds from the offering to repay all
borrowings under its term loan credit facility and a portion of the
borrowings under its revolving credit facility. The offering is expected
to close on January 23, 2013, subject to the satisfaction of customary
closing conditions.
The notes will not be registered under the Securities Act of 1933 or the
securities laws of any state and may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirements under the Securities Act and applicable state
securities laws. The notes may be resold by the initial purchasers
pursuant to Rule 144A and Regulation S under the Securities Act. This
press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor there be any sale of these securities in any
state in which the offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of any
such state.
Atlas Resource Partners, L.P. (NYSE: ARP) is an exploration &
production master limited partnership which owns an interest in over
10,100 producing natural gas and oil wells, primarily in Appalachia and
the Barnett Shale in Texas. ARP is also the largest sponsor of natural
gas and oil investment partnerships in the U.S. For more information,
please visit our website at www.atlasresourcepartners.com,
or contact Investor Relations at InvestorRelations@atlasenergy.com.
Atlas Energy, L.P. (NYSE: ATLS) is a master limited partnership
which owns all of the general partner Class A units and incentive
distribution rights and an approximate 44% limited partner interest in
its upstream oil & gas subsidiary, Atlas Resource Partners, L.P.
Additionally, Atlas Energy owns and operates the general partner of its
midstream oil & gas subsidiary, Atlas Pipeline Partners, L.P., through
all of the general partner interest, all the incentive distribution
rights and an approximate 9% limited partner interest. For more
information, please visit our website at www.atlasenergy.com,
or contact Investor Relations at InvestorRelations@atlasenergy.com.
Cautionary Note Regarding Forward-Looking
Statements
This document contains forward-looking statements that involve a
number of assumptions, risks and uncertainties that could cause actual
results to differ materially from those contained in the forward-looking
statements. ARP cautions readers that any forward-looking
information is not a guarantee of future performance. Such
forward-looking statements include, but are not limited to, statements
about future financial and operating results, resource potential, ARP’s
plans, objectives, expectations and intentions and other statements that
are not historical facts. Risks, assumptions and uncertainties that
could cause actual results to materially differ from the forward-looking
statements include, but are not limited to, those associated with
general economic and business conditions; changes in commodity prices;
changes in the costs and results of drilling operations; uncertainties
about, or inaccuracies in the assumptions underlying, estimates of
reserves and resource potential; inability to obtain capital needed for
operations; ARP’s level of indebtedness; changes in government
environmental policies and other environmental risks; the availability
of drilling equipment and the timing of production; tax consequences of
business transactions; and other risks, assumptions and uncertainties
detailed from time to time in ARP’s reports filed with the U.S.
Securities and Exchange Commission, including quarterly reports on Form
10-Q, reports on Form 8-K and annual reports on Form 10-K.
Forward-looking statements speak only as of the date hereof, and ARP
assumes no obligation to update such statements, except as may be
required by applicable law.