Lenders Up Cash Bid By $10M For ATP Oil Assets

Law360, New York (June 18, 2013, 4:10 PM EDT) -- A group of lenders led by Credit Suisse Group AG looking to buy ATP Oil & Gas Corp.’s oil and gas leases have upped their cash bid by $10 million, according to  documents filed Monday in Texas bankruptcy court.

In a revised purchase agreement, the lender group said it will put $55 million, instead of the previous $45 million, in cash toward the assets, on top of the $645 million worth of debt it has pledged to forgive.

The revised offer comes a few days after...
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