Atlas Pipeline selling $175 million more 6 5/8% note due 2020 Thursday

By Paul A. Harris

Portland, Ore., Dec. 6 - Atlas Pipeline Escrow, LLC plans to price a $175 million add-on to its 6 5/8% senior notes due Oct. 1, 2020 (expected ratings B2/B+) on Thursday, according to a syndicate source.

Wells Fargo Securities LLC is the left bookrunner. Deutsche Bank Securities Inc., Bank of America Merrill Lynch, Citigroup Global Markets Ltd., J.P. Morgan Securities LLC and SunTrust Robinson Humphrey Inc. are the joint bookrunners.

The Rule 144A and Regulation S with registration rights notes feature a make-whole call at Treasuries plus 50 basis points until Oct. 1, 2016, then become callable at 103.313.

The Moon Township, Pa.-based midstream energy services provider plans to use the proceeds to fund an acquisition, as well as for ongoing working capital requirements and other general partnership purposes.

The original $325 million issue priced at par on Sept. 25, 2012.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.