ATP Oil & Gas starts roadshow for $1.5 billion five-year note offering

By Paul A. Harris

St. Louis, April 13 - ATP Oil & Gas Corp. began a roadshow on Tuesday for its $1.5 billion offering of five-year senior secured second-lien notes, according to an informed source.

The roadshow wraps up on Friday.

J.P. Morgan Securities Inc. is the left bookrunner for the offering, which is being marketed via Rule 144A and Regulation S, with registration rights. Credit Suisse Securities is the joint bookrunner.

Natixis Bleichroeder, Global Hunter Securities and Rodman & Renshaw are the co-managers.

The notes come with three years of call protection.

Proceeds will be used to repay the Houston-based offshore oil and gas development and production company's first-lien term loans and its revolver and to fund general corporate purposes.

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