Atlas Raises Capital to Accelerate Marcellus Development

Atlas announces today that it has priced a public offering of 1.6 million common units representing Class B limited liability company interests. Atlas Energy intends to use the net proceeds from this offering to repay a portion of its outstanding balance under its revolving credit facility to create additional borrowing capacity to fund additional acreage acquisitions and accelerated development of the Marcellus Shale as well as further development of its other drilling programs and lease acquisition activities

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