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The investors will also be granted the right to purchase an additional 2.7 million units at $6.35 per unit for a period of 2 years following the issuance of the original units.
Deal Value (US$ Million) 17 Deal Type Private Placement Sub-Category None Deal Status Announced: 2009-08-17
Deal Participants
Target (Company) Atlas Pipeline Partners, L.P. Acquirer (Company) Undisclosed Investors
Deal Rationale
Atlas Pipeline Partners would use the proceeds to repay a portion of its outstanding indebtedness under its senior secured term loan and to terminate certain legacy natural gas derivative positions.
Offer Price ($ per share) 6.35 No. Shares Issued 2700000
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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