Atlas Pipeline acquires $7.2 million of 8¾% notes via tender offer

By Jennifer Chiou

New York, May 3 - Atlas Pipeline Partners, LP said it bought back $7.2 million of its 8¾% senior notes due 2018 in the tender offer that launched on March 8.

The offer closed on April 7.

The company paid par plus accrued interest.

In other news, the company redeemed its $275,479,000 of 8 1/8% senior notes due 2015 on April 8 at 104.0625 plus accrued interest. It used the proceeds from the sale of its interest in Laurel Mountain Midstream, LLC, setting aside $293.7 million for the redemption.

Based in Moon Township, Pa., Atlas Pipeline Partners is a natural gas pipeline operating company.

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