By Devika Patel
Knoxville, Tenn., April 17 - Atlas Energy Resources, LLC will sell $25.3 million of its common units to Atlas America, Inc., according to a prospectus supplement filed Wednesday with the Securities and Exchange Commission.
The prospectus supplement was for an offering of 1.6 million common units, with a greenshoe of up to 240,000 additional common units.
In the private placement, the company will sell 600,000 common units at $42.18 apiece.
Atlas is a natural gas and development and production company based in Moon Township, Pa.
| Issuer: | Atlas Energy Resources, LLC
|
| Issue: | Common units
|
| Amount: | $25.3 million
|
| Units: | 600,000
|
| Price: | $42.18
|
| Warrants: | No
|
| Investor: | Atlas America, Inc.
|
| Pricing date: | April 17
|
| Stock symbol: | NYSE: ATN
|
| Stock price: | $42.18 at close April 16
|
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