ATP gets $160 million term loan

By Sara Rosenberg

New York, Sept. 7 - ATP Oil & Gas Corp. closed on a $160 million four-year unsecured subordinated term loan on Friday, according to an 8-K filed with the Securities and Exchange Commission.

Credit Suisse acted as lead arranger on the deal.

The loan is priced at 11.25%.

Proceeds will be used to fund near-term development opportunities and for general corporate purposes.

ATP is a Houston-based natural gas and oil company.

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