Atlas Pipeline Partners, L.P. Initiates Redemption of 2015 Senior Notes

Atlas Pipeline Partners, L.P. (NYSE: APL) (“Atlas Pipeline” or the “Partnership”) today announced that it has elected to redeem all of the $275,479,000 aggregate principal amount outstanding of its 8-1/8% Senior Notes due 2015 (the “Notes”). The redemption will be funded with cash on hand, primarily with the net proceeds from APL’s sale of its remaining 49% interest in Laurel Mountain Midstream, LLC on February 17, 2011.

APL has issued a notice of redemption pursuant to the indenture for the Notes to the trustee for the Notes stating that it has elected to redeem all of the Notes on April 8, 2011. The redemption price for the Notes will be determined in accordance with the indenture for the Notes, plus accrued and unpaid interest thereon to the redemption date.

Atlas Pipeline Partners, L.P. (NYSE: APL) is active in the gathering and processing segments of the midstream natural gas industry. In the Mid-Continent region of Oklahoma, southern Kansas, and northern and western Texas, APL owns and operates five active gas processing plants as well as approximately 8,600 miles of active intrastate gas gathering pipeline. For more information, visit the Partnership's website at www.atlaspipeline.com or contact IR@atlaspipeline.com.

Atlas Energy, L.P. (NYSE: AHD), formerly Atlas Pipeline Holdings, L.P., is a master limited partnership which owns and operates the general partner of Atlas Pipeline Partners, L.P. (NYSE: APL), through which it owns a 2% general partner interest, all the incentive distribution rights and approximately 5.75 million common limited partner units of APL. Additionally, AHD owns an interest in over 8,500 producing natural gas and oil wells, representing over 185 Bcfe of net proved developed reserves. For more information, please visit our website at www.atlasenergy.com, or contact Investor Relations at InvestorRelations@atlasenergy.com.

Atlas Energy L P (NYSE:AHD)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024