ARP extends consent solicitation for 7.75% senior notes

Atlas Resource Partners LP (NYSE: ARP) has confirmed that the issuers have extended the consent solicitation with respect to certain proposed amendments to the indenture governing the 7.75% senior notes due 2021 (CUSIP 049296AC0) issued by Atlas Resource Partners Holdings LLC and Atlas Resource Finance Corp. (the issuers) and guaranteed by ARP and certain subsidiary guarantors, that the issuers began on Dec. 10 for holders of record as of Dec. 9.  In order to allow for the Christmas holiday, the 7.75% notes consent solicitation will now expire at 5 p.m., New York City time, on Dec. 29, unless further extended. 

Currently, $375,000,000 in aggregate principal amount of the 7.75% notes is outstanding. As of 5 p.m. New York City time, on Dec. 22, ARP had received consents to the proposed amendments from holders of approximately 46% of the aggregate principal amount of the outstanding 7.75% notes, including holders whom ARP believe to be five of the six largest institutional holders.

Wells Fargo Securities LLC is the solicitation agent in connection with the consent solicitation.

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