Atlas enters into five-year term loan agreement

Atlas Energy Group LLC (NYSE: ATLS) has entered into an agreement for a new term loan facility maturing in August 2020. The new facility will refinance Atlas Energy's existing term loan and will have an initial balance of $82.7 million at an interest rate of LIBOR (floor of 1%) plus 7%.

Atlas Energy is a limited liability company that owns all of the general partner interest, incentive distribution rights, and a 25% limited partner interest in its upstream oil and gas subsidiary, Atlas Resource Partners LP; along with a general partner interest, incentive distribution rights, and limited partner interests in Atlas Growth Partners LP; and a general partner interest in Lightfoot Capital Partners, an entity that invests in energy-related businesses and assets.

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