Atlas Holdings readies launch of $155 million term loan B for Dec. 3

By Sara Rosenberg

New York, Nov. 25 – Atlas Holdings LLC is scheduled to hold a bank meeting at 10:30 a.m. ET in New York on Dec. 3 to launch a $155 million five-year term loan B, according to a market source.

Deutsche Bank Securities Inc. and Citigroup Global Markets Inc. are the bookrunners on the deal.

The term loan has a maximum total debt to EBITDA covenant, the source said.

Proceeds will be used to refinance an existing term loan B at Atlas Energy.

Atlas Holdings is a newly formed wholly owned domestic subsidiary of Atlas Energy Group GP LLC that has diversified interests in oil and gas assets and general partner interests.

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