Atlas Resource talks $250 million eight-year notes to yield 7½%-7¾%

By Paul A. Harris

Portland, Ore., Jan. 15 - Atlas Energy Holdings Operating Co., LLC and Atlas Resource Finance Corp. talked their $250 million offering of eight-year senior notes (Caa1/B-/) to yield 7½% to 7¾%, a market source said on Tuesday.

The deal is set to price on Wednesday morning.

J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Wells Fargo Securities LLC, Deutsche Bank Securities Inc. and Bank of America Merrill Lynch are the joint bookrunners.

ABN Amro, C&Co, Comerica Securities, Natixis Securities, RBC Capital Markets, Santander and SunTrust Robinson Humphrey Inc. are the co-managers.

The Rule 144A and Regulation S with registration rights notes come with four years of call protection.

The Pittsburgh-based oil and gas exploration and production master limited partnership plans to use the proceeds to repay debt.

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