ATP Oil & Gas in-market with $350 million term loan

By Sara Rosenberg

New York, March 31 - ATP Oil & Gas Corp. is in-market with a $350 million five-year term loan B, according to a syndicate document.

Credit Suisse First Boston is the sole lead arranger and sole bookrunner on the deal.

The term loan, which launched via a conference call on Tuesday, is priced with an interest rate of Libor plus 575 basis points, the document said.

Proceeds will be used by the Houston natural gas and oil company to refinance existing debt.

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