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Article: ATP Oil & Gas Adds New Subordinated Debt Facility.
- Article from:
- Business Wire
- Article date:
- September 7, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HOUSTON -- ATP Oil & Gas Corporation (NASDAQ:ATPG) today announced that it has closed a $160 million unsecured subordinated term loan facility (the "Facility"). The new Facility matures in 2011 and can be prepaid by the company at any time, subject to the company's existing senior credit agreement. The proceeds of the Facility will be used to fund near-term development opportunities and for general corporate purposes.
T. Paul Bulmahn, Chairman & President of ATP Oil & Gas Corporation, stated, "I am pleased with the strong support received from our investors in this successful debt offering. It is a testimonial to the financial strength of the company that we were ...