ATP Oil & Gas to price $100 million perpetual preferreds

By Paul A. Harris

St. Louis, July 25 - ATP Oil & Gas Corp. plans to price a $100 million issue of perpetual preferred stock in a private placement on Thursday, according a company source.

Credit Suisse First Boston has the books.

The shares will come with six months of call protection.

Proceeds will be used to accelerate the company's development activities and for general corporate purposes.

ATP is a Houston-based company focused on the development and production of natural gas and oil in the Gulf of Mexico and the North Sea.

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