ATP upsizes term loan to $210 million

By Jennifer Chiou

New York, Sept. 14 - ATP Oil & Gas Corp. said it upsized its four-year unsecured subordinated term loan to $210 million from $160 million due to strong demand.

Credit Suisse acted as lead arranger on the deal that was announced on Sept. 7.

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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