Oil and gas producer ATP Oil & Gas Corp. said Tuesday that it raised $93.4 million in net proceeds in a previously announced public offering of common stock.
The Houston-based company said it will use the $93.4 million, the amount after deducting the underwriters' discount and estimated expenses, to fund capital expenditures, primarily at its Telemark location in the deepwater Gulf of Mexico, to reduce indebtedness and for general corporate purposes. ATP also announced Tuesday that it has closed its previously announced private placement of a new series of 8 percent convertible perpetual preferred stock.
Full Story: ATP Oil & Gas closes stock offering, placement - Forbes
The Houston-based company said it will use the $93.4 million, the amount after deducting the underwriters' discount and estimated expenses, to fund capital expenditures, primarily at its Telemark location in the deepwater Gulf of Mexico, to reduce indebtedness and for general corporate purposes. ATP also announced Tuesday that it has closed its previously announced private placement of a new series of 8 percent convertible perpetual preferred stock.
Full Story: ATP Oil & Gas closes stock offering, placement - Forbes
