New Issue-Atlas Energy adds $150 mln in 10-yr sr notes

Tue May 6, 2008 11:38pm BST
[-] Text [+]
  May 6 (Reuters) - Atlas Energy Operating Co LLC, a
subsidiary of Atlas Energy (ATN.N: Quote, Profile, Research), the natural gas producer,
on Tuesday added $150 million to its existing 10.75 percent
senior notes due February 2018 in the 144a private placement
market, said market sources.
  The total amount of notes now outstanding is $400
million.
  The size of the deal was increased from the originally
planned $100 million.
  JP Morgan and Wachovia Securities were the joint
bookrunning managers for the sale.
BORROWER: ATLAS ENERGY OPERATING CO LLC/
                         FINANCE CORP
AMT $150 MLN      COUPON 10.75 PCT     MATURITY 2/1/2018    
TYPE ADD-ON NTS   ISS PRICE 104.750 *  FIRST PAY 8/1/2008   
MOODY'S B3        YIELD 9.970 PCT      SETTLEMENT 5/9/2008  
S&P SINGLE-B      SPREAD 607 BPS       PAY FREQ SEMI-ANNUAL 
FITCH N/A          MORE THAN TREASURY  NON-CALLABLE 5-YEARS**
 * PLUS ACCRUED INTEREST FROM 1/23/2008
 ** NON CALLABLE 5-YEAR(2/1/2013).THEN AT 105.375, 103.583,
                                           101.792, 100.
 *** EQUITY CLAWBACK 35% AT 110.75 UNTIL 2/1/2011.


 
 
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