Atlas Pipeline Partners offers Class E preferred units

Atlas Pipeline Partners LP

Atlas Pipeline Partners LP (NYSE: APL) has begun a public offering of Class E cumulative redeemable perpetual preferred units pursuant to an effective shelf registration statement on Form S-3, filed with the Securities and Exchange Commission.

The Partnership expects to grant the underwriters a 30-day option to purchase additional Class E preferred units, and intends to use the net proceeds from the offering to reduce borrowings outstanding under its revolving credit facility and for general partnership purposes.

Morgan Stanley & Co. LLC and UBS Securities LLC will act as joint book-running managers, Stifel, Nicolaus & Co. Inc. will act as joint lead manager, and MLV & Co. LLC will act as co-manager for the offering.

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