By Devika Patel
Knoxville, Tenn., May 5 - Atlas Energy Resources, LLC said it took in $2.52 million from a private placement of common units, which priced for $2.53 million on April 17.
Atlas sold 600,000 class B common units at $42.00 per unit to Atlas America, Inc.
At pricing, the company said it planned to sell 600,000 common units at $42.18 apiece.
Proceeds will be used to repay a portion of the company's outstanding balance under its revolving credit facility.
Atlas is a natural gas and development and production company based in Moon Township, Pa.
| Issuer: | Atlas Energy Resources, LLC
|
| Issue: | Common units
|
| Amount: | $2.52 million
|
| Units: | 600,000
|
| Price: | $42.00
|
| Warrants: | No
|
| Investor: | Atlas America, Inc.
|
| Pricing date: | April 17
|
| Settlement date: | May 5
|
| Stock symbol: | NYSE: ATN
|
| Stock price: | $42.18 at close April 16
|
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