Atlas Pipeline Partners (APL) Announces 9.25M Common Offering

Atlas Pipeline Partners L.P. (NYSE: APL) has commenced an underwritten public offering of 9,250,000 common units representing limited partner interests. Wells Fargo Securities, LLC, Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and RBC Capital Markets, LLC are acting as joint book-running managers for this offering. The underwriters have been granted a 30-day option to purchase up to an additional 1,387,500 common units.

The Partnership intends to use the net proceeds from this offering to fund a portion of its acquisition of Cardinal Midstream, a private midstream operator. Prior to funding the pending acquisition, APL may use some or all of the net proceeds for general partnership purposes, which may include repayment of outstanding borrowings under its revolving credit facility.

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