ATP Closes Previously Announced Public Offering of Common Stock
ATP Oil & Gas has closed its previously announced public offering of 8.75 million shares of its common stock at a public offering price of $8.25 per share.
Net proceeds from the offering were approximately $68.1 million after deducting the underwriters' discount and estimated offering expenses, and will be used to support capital expenditures related to its drilling and development activities, including development of wells at its Telemark Hub in the deepwater Gulf of Mexico, to reduce indebtedness and for general corporate purposes.
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