ATP Launches $125M Private Offering

Law360, New York (September 23, 2009, 1:31 PM EDT) -- ATP Oil & Gas Corp. said Tuesday it had kicked off a private offering of approximately $125 million of a new series of convertible perpetual preferred stock, the same day it announced a planned public offering of 5.3 million common shares.

Houston-based ATP also said it would sell pipelines that service its Gomez Hub in the Gulf of Mexico for $78 million.

In regard to the $125 million stock sale, ATP said it would grant a 30-day option to initial purchasers to buy approximately $18.75 million...
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