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Atlas Energy to repay some bank debt with common units proceeds
By Sara Rosenberg
New York, April 17 - Atlas Energy Resources LLC plans on repaying borrowings under its senior secured credit facility using proceeds from common units offerings, according to a 424B5 filed with the Securities and Exchange Commission Thursday.
The company is offering 1.6 million common units representing class B limited liability company interests and will also be selling 600,000 of common units to Atlas America, Inc. in a private placement.
As of April 16, the outstanding balance under the credit facility was $565 million.
Atlas Energy is a Moon Township, Pa.-based developer and producer of natural gas and oil.
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