ATP Offers $1.5B in Senior Notes

ATP has priced a private offering of $1.5 billion aggregate principal amount of senior second lien notes due 2015. The Notes will have an interest rate of 11.875% per annum and will be issued at a price of 99.531% of their face value. The Notes offering is expected to close on April 23, 2010, subject to customary closing conditions. ATP will use the net proceeds of the Notes to repay its existing senior secured term loans in full, to pay associated fees and expenses and for general corporate purposes. Concurrently with the closing of the offering, ATP will enter into a new $100 million senior secured revolving credit facility.




Our Privacy Pledge

Most Popular Articles

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours