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.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...