July 13, 2009 (FinancialWire) — Atlas Energy Resources, LLC (NYSE: ATN) has launched an underwritten public offering of $150 million of senior unsecured notes due 2017. J.P. Morgan (NYSE: JPM), Wells Fargo Securities (NYSE: WFC), Banc of America Securities (NYSE: BAC) and RBC Capital Markets are acting as joint book-running managers.

The company plans to use the net proceeds from the offering to reduce outstanding borrowings under its revolving credit facility.

Pittsburgh-based Atlas Energy Resources is an independent natural gas producer in the Appalachian and Michigan Basins.

Atlas America, Inc. owns around 48% of the class B common unit interests and all of the management incentive interests in Atlas Energy Resources. Atlas America also owns 1.1 million common units in Atlas Pipeline Partners, L.P. and a 64% interest in Atlas Pipeline Holdings, L.P., a limited partnership that owns the general partner interest, all the incentive distribution rights and 5.8 million common units of Atlas Pipeline Partners.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.