ATP to Offer $1.5B in Senior Notes



ATP O&G has intended to offer, subject to market conditions, $1,500 million aggregate principal amount of senior second lien notes due 2015 in a private offering. ATP intends to use the net proceeds of this offering to repay its existing senior secured term loans in full, to pay associated fees and expenses and for general corporate purposes. Concurrently with the consummation of this offering, ATP intends to replace its existing senior secured credit facility with a new senior secured credit facility. The consummation of this offering is conditioned upon the concurrent termination of its existing credit facility and entering into the new senior secured credit facility.

 


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