Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Fri, April 26, 6:22 AM
This Slide: #414 of 620 |
Slide #414. Atlas Resource Partners, L.P. — Preferred Stock Offering
Company:
Atlas Resource Partners, L.P. (NYSE:ARP)
Date announced:
9/25/2014
Shares Offered:
3,200,000
Preferred Stock Offering Details:
Atlas Resource Partners, L.P. (NYSE: ARP) today announced the pricing of its public offering of 3,200,000 8.625% Class D Cumulative Redeemable Perpetual Preferred Units ("Class D Preferred Units") at a price of $25.00 per unit. The underwriters have been granted a 30-day option to purchase up to an additional 480,000 additional Class D Preferred Units at the public offering price less the underwriting discount. Distributions will be payable on the Class D Preferred Units at an initial rate of 8.625% per annum of the stated liquidation preference of $25.00. The offering is expected to close on October 2, 2014, subject to customary closing conditions.
Learn more about the ARP $25.13 ETF at ETF Channel.
Preferred: ARPJN
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Hold (2.22 out of 4) 36th percentile
(ranked lower than approx. 64% of all stocks covered)
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