retention-jackjacks.blogspot.com
The two companies LLC, on April 1 . Atlaes Energy Resources LLC (NYSE:ATN), an affiliate of Atlas Pipeline will be the anchor tenant onLaurel Mountain’s Under its agreement with Tulsa, Okla.-basee Williams (NYSE:WMB), Atlas Pipeline Partners will receive $90 million in a preferred right to proceedds under a $25.5 million obligation from Williams, and 49 percent of Laureol Mountain. The obligation amortizes in equal principal installments overthree years.
Atlas Pipeline Partnersd can convert its right to receivre accrued principal and interest under the obligation into a sum equap to the accrued principal and interest and use that to covert its required capital expenditures underthe joint-venture agreement. Atlas Pipeline Partners also said its lendersd recently agreed to relax the covenant s relating to total debt and earningdbefore interest, taxes, depreciation and amortization on its $380 millionb revolving credit line and $463 million term loan Additionally, , which owns the generall partner of Atlas Pipelinr Partners, said Monday it has repaidr $30 million on its credigt facility and will pay down the remaining $16 millionj balance in equal quarterly installments over the next Atlas Pipeline Holdings (NYSE:AHD) got the $30 millio n it used to pay down the facility by issuinhg $15 million of preferred limited partner units to Atlas Pipeline Partners and by borrowin g $15 million from Atlas America Inc.
, whicuh owns Atlas Pipeline Holdings’ general partner and 64 percent of its commo units. Atlas America (NASDAQ:ATLS) also guaranteedx that Atlas Pipeline Holdings will repay theremaining $16 millio n on its credit facility. The Atlas companied have offices in Philadelphiaand Pa.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment