ATP Plans to Raise $100 Million through Private Placement
ATP Oil & Gas Corporation plans to raise $100 million or more through a private placement of non-convertible, perpetual preferred stock.
The Houston-based company intends to use the net proceeds from this offering to expand its scope in certain projects, to accelerate its development activities, and for general corporate purposes.
The preferred stock will not be registered under the Securities Act of 1933 and may not be offered or sold in the US absent registration or an applicable exemption from registration requirements. It will be offered in a private placement in the US pursuant to applicable exemptions under the Securities Act of 1933.
- Lessons from ATP Bankruptcy There for Those Who Listen (Jun 30)
- Cosco Discontinues Octabuoy Hull and Topside Module Project (Jan 12)
- Cosco Reveals Buying Interest for Octabuoy Hull and Topside Module (Jul 23)