ATP Closes $1.5B Private Offering
ATP has closed the previously announced private offering of $1.5 billion aggregate principal amount of senior second lien notes due 2015. 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, ATP entered into and will have available a new $100 million senior secured revolving credit facility.
The Notes will not be registered under the Securities Act of 1933 or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and applicable state securities laws. The Notes may be resold by the initial purchasers pursuant to Rule 144A and Regulation S under the Securities Act. This press release is being issued pursuant to Rule 135c under the Securities Act of 1933. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
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