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Atlas Pipeline to repay credit facility with note offering proceeds
By Tali David
Minneapolis, Jan. 28 - Atlas Pipeline Partners, LP plans to use the proceeds from a $450 million senior note offering to repay a portion of its outstanding debt under its existing credit facility, the company said in a news release.
The company also expects to redeem any or all of its outstanding 8¾% senior notes due 2018 in a tender offer announced concurrently with the $450 million note offering.
Atlas Pipeline is a Moon Township, Pa.-based company that provides gas gathering, compression, processing and treating services.
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