ATP Expands Loan Commitment

ATP Oil & Gas says that due to strong demand it has upsized its previously announced $160 million unsecured subordinated term loan facility to $210 million. The proceeds will be used to fund near-term development and acquisition opportunities and other general corporate purposes.

Credit Suisse acted as sole lead arranger for the financing.

ATP Oil & Gas is an international offshore oil and gas development and production company with operations in the Gulf of Mexico and the North Sea. The company trades publicly as ATPG on the NASDAQ Global Select Market.