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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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