Atlas Energy lines up $125 million revolver via Wells Fargo, Citibank

By Susanna Moon

Chicago, March 23 - Atlas Energy, LP said it established a $125 million senior secured revolving credit facility due in five years with seven banks.

The facility replaces a $70 million revolving credit facility.

Proceeds will be used for investment and working capital purposes.

Wells Fargo Securities, LLC and Citibank, NA were the lead arrangers.

"We are pleased to have entered into this credit facility with our newly established bank group, and we look forward to working with them as we prepare to further expand our business in the very near future," Edward E. Cohen, chief executive officer of Atlas Energy, said in a press release.

Atlas Energy, formerly Atlas Pipeline, is a master limited partnership that owns and operates the general partner of Atlas Pipeline Partners, LP. The company is based in Philadelphia.

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