By Sheri Kasprzak
New York, June 5 - Atlas Pipeline Partners, LP is getting ready to close a private placement for $1.125 billion as part of its acquisition of natural gas gathering systems and processing plants from Anadarko Petroleum Corp.
The offering includes 25,568,182 common units at $44.00 each.
Under the offering, Atlas Pipeline Holdings, LP agreed to purchase about $168.75 million of the units.
To finance its purchase of those units, Atlas Pipeline Holdings has entered into a $168.75 million offering of common units.
That deal includes up to 6.25 million units at $27.00 each.
UBS Securities, LLC is the placement agent for both of the offerings.
Both deals are expected to close July 11.
Based in Moon Township, Pa., Atlas Pipeline Partners is a natural gas pipeline operating company.
First offering
| Issuer: | Atlas Pipeline Partners, LP
|
| Issue: | Common units
|
| Amount: | $1.125 billion
|
| Units: | 25,568,182
|
| Price: | $44.00
|
| Warrants: | No
|
| Investor: | Atlas Pipeline Holdings, LP (for $168.75 million)
|
| Placement agent: | UBS Securities, LLC
|
| Announcement date: | June 5
|
| Settlement date: | July 11
|
| Stock symbol: | NYSE: APL
|
| Stock price: | $54.12 at close June 5
|
|
|
| Second offering
|
| Issuer: | Atlas Pipeline Holdings, LP
|
| Issue: | Common units
|
| Amount: | $168.75 million
|
| Units: | 6.25 million
|
| Price: | $27.00
|
| Warrants: | No
|
| Placement agent: | UBS Securities, LLC
|
| Announcement date: | June 5
|
| Settlement date: | July 11
|
| Stock symbol: | NYSE: AHD
|
| Stock price: | $39.03 at close June 5
|
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