Atlas Resource Partners obtains loan commitment for DTE Gas purchase

By Sara Rosenberg

New York, Nov. 19 - Atlas Resource Partners LP has secured committed bank financing to help fund the acquisition of DTE Gas Resources LLC, according to a news release.

Wells Fargo and Citigroup are the lead banks on the deal.

Under the agreement DTE Gas is being purchased from DTE Energy Co. for about $255 million.

Closing is expected in December, subject to customary conditions.

Atlas Resource is a Pittsburgh-based exploration and production master limited partnership. The company owns an interest in natural gas and oil wells.

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