Atlas Pipeline Partners, L.P. Announces Amended And Upsized $800 Million Revolving Credit Facility

   Atlas Pipeline Partners, L.P. Announces Amended And Upsized $800 Million
                          Revolving Credit Facility

PR Newswire

PHILADELPHIA, Aug. 28, 2014

PHILADELPHIA, Aug. 28, 2014 /PRNewswire/ -- Atlas Pipeline Partners, L.P.
(NYSE: APL) ("APL", "Atlas Pipeline", or the "Partnership")announced today
that the Partnership has successfully amended its revolving credit facility,
significantly increasing the Partnership's borrowing capacity, extending the
term of the facility, and lowering borrowing costs. The new five year
facility matures on August 28, 2019, has an initial borrowing capacity of $800
million, and contains an accordion feature of up to an additional $250
million, which, if exercised, will increase the Partnership's total available
borrowing capacity to $1.05 billion. This facility represents an increase of
$250 million in total potential borrowing capacity over the Partnership's
previous revolving credit facility, which had approximately $100 million
outstanding as of June 30, 2014.

The amended facility reduces borrowing costs and commitment fees for the
Partnership and incorporates positive adjustments to the pricing grid, which
will continue to be based on the ratio of the Partnership's Consolidated
Funded Debt to Consolidated EBITDA ("Consolidated Funded Debt Ratio").
Additional improvements to the covenant package, including an increase in the
maximum permitted Consolidated Funded Debt Ratio to 5.25x, will enhance the
Partnership's ability to finance its organic growth opportunities. Atlas
Pipeline is also welcoming four new financial institutions to the facility -
Royal Bank of Canada, Barclays Bank plc, The Royal Bank of Scotland plc, and
PNC Bank, National Association. The addition of these participants brings the
total number of banks in the facility to 22 institutions. Wells Fargo acted
as sole lead arranger and continues to serve as the administrative agent for
the facility. Paul Hastings LLP acted as legal counsel to the Partnership.

"We are very pleased to announce an amended credit facility with initial
borrowing capacity of $800 million, which will also provide a lower cost of
capital and increased flexibility to the Partnership as we continue to
strategically grow our core gathering and processing operations," stated Trey
Karlovich, Chief Financial Officer of the Partnership. "We very much
appreciate the support from our existing lender group and are excited to
partner with four new financial institutions on this

Atlas Pipeline Partners, L.P. (NYSE: APL) is active in the gathering and
processing segments of the midstream natural gas industry. In Oklahoma,
southern Kansas, Texas, and Tennessee, APL owns and operates 16 gas processing
plants, 18 gas treating facilities, as well as approximately 11,200 miles of
active intrastate gas gathering pipeline. For more information, contact

Atlas Energy, L.P. (NYSE: ATLS)is a master limited partnership which owns all
of the general partner Class A units and incentive distribution rights and an
approximate 28% limited partner interest in its upstream oil & gas subsidiary,
Atlas Resource Partners, L.P. Additionally, Atlas Energy owns and operates the
general partner of its midstream oil & gas subsidiary, Atlas Pipeline
Partners, L.P., through all of the general partner interest, all the incentive
distribution rights and an approximate 6% limited partner interest. For more
information, contact Investor Relations at

Certain matters discussed within this press release are forward-looking
statements. Although Atlas Pipeline Partners, L.P. believes the expectations
reflected in such forward-looking statements are based on reasonable
assumptions, it can give no assurance that its expectations will be attained.
Atlas Pipeline does not undertake any duty to update any statements contained
herein (including any forward-looking statements), except as required by law.
Factors that could cause actual results to differ materially from expectations
include general industry considerations, regulatory changes, changes in
commodity prices and local or national economic conditions and other risks
detailed from time to time in Atlas Pipeline's reports filed with the SEC,
including quarterly reports on Form 10-Q, current reports on Form 8-K and
annual reports on Form 10-K.

Contact: Matthew Skelly
         Vice President
         Investor Relations
         1845 Walnut Street
         Philadelphia, PA 19103
         (877) 950-7473
         (215) 561-5692 (facsimile)

SOURCE Atlas Pipeline Partners, L.P.
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