Atlas Pipeline solicits consents to amend 8 1/8% senior notes due 2015

By Marisa Wong

Madison, Wis., Nov. 15 - Atlas Pipeline Partners, LP said it is soliciting consents from holders of its $275,479,000 of outstanding 8 1/8% senior notes due 2015 to amend the indenture for the notes.

The amendments would allow the partnership or its subsidiaries to make capital contributions to Laurel Mountain Midstream, LLC through Dec. 31, 2011. Atlas, through indirect wholly owned subsidiary APL Laurel Mountain, LLC, owns 49% of Laurel Mountain.

The adoption of the proposed amendment requires the consent of holders of a majority of the outstanding principal amount of the notes voting as a single class.

The consent solicitation will expire at 5 p.m. ET on Nov. 22.

The consent payment is $5 in cash per $1,000 principal amount of notes.

The payment of the consent payment is conditioned upon, among other things, the receipt of the needed consents and effecting of the proposed amendments.

Wells Fargo Securities, LLC (704 715-8341 or 866 309-6316) is the solicitation agent, and Global Bondholders Services Corp. (866 736-2200) is the information and tabulation agent.

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

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