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