March 24, 2017 11:09 PM ET

Diversified Financial Services

Company Overview of Atlas Resource Finance Corporation

Company Overview

Atlas Resource Finance Corporation is a debt issuing vehicle. The company is headquartered in Pittsburgh, Pennsylvania. Atlas Resource Finance Corporation operates as a subsidiary of Titan Energy, LLC.

1000 Commerce Drive

Park Place Corporate Center One

Suite 400

Pittsburgh, PA 15275

United States

Phone:

800-251-0171

Key Executives for Atlas Resource Finance Corporation

Atlas Resource Finance Corporation does not have any Key Executives recorded.

Atlas Resource Finance Corporation Key Developments

Pre-Packaged Reorganization Plan and Disclosure Statement Approved for Atlas Resource Partners, L.P.

The US Bankruptcy Court approved the joint pre-packaged plan of reorganization and disclosure statement of Atlas Resource Partners, L.P. on August 26, 2016. The debtor has filed its joint pre-packaged plan and disclosure statement in the Court on July 27, 2016. As per the plan, administrative expense claims, statutory fees, priority tax claims and fee claims shall be paid in full in cash. Priority non-tax claims, general unsecured claims, intercompany claims, intercompany equity interests and other secured claims shall be reinstated. First Lien claims shall receive its pro rata share of cash in an amount equal to the principal amount of loans and the face amount of issued letters of credit outstanding minus $440 million, accrued and unpaid interest, if not paid and Exit Facility term loan. They shall get revolving loan under exit facility if they elect so. Second Lien claims shall receive its pro rata share of Second Lien Payment, the New Second Lien Loans, and the Second Lien interest payment. Notes claims shall receive its pro rata share of 90% of the New HoldCo common shares. Intercompany equity interests in Atlas Resource Partners Holdings, LLC shall be contributed to New HoldCo. ARP equity interests shall be cancelled and receive no distribution. The plan shall be funded from cash, exit facility, second lien loan and issue of common shares.

Pre-Packaged Reorganization Plan & Disclosure Statement Filed by Atlas Resource Partners, L.P.

Atlas Resource Partners, L.P., along with its affiliates, filed a joint pre-packaged plan of reorganization with related disclosure statement in the US Bankruptcy Court on July 27, 2016. As per the plan filed, administrative expense claims, statutory fees, priority tax claims and fee claims shall be paid in full in cash. Priority non-tax claims, general unsecured claims, intercompany claims, intercompany equity interests and other secured claims shall be reinstated. First Lien claims shall receive its pro rata share of cash in an amount equal to the principal amount of loans and the face amount of issued letters of credit outstanding minus $440 million, accrued and unpaid interest, if not paid and Exit Facility term loan. They shall get revolving loan under exit facility if they elect so. Second Lien claims shall receive its pro rata share of Second Lien Payment, the New Second Lien Loans, and the Second Lien interest payment. Notes claims shall receive its pro rata share of 90% of the New HoldCo common shares. Intercompany equity interests in Atlas Resource Partners Holdings, LLC shall be contributed to New HoldCo. ARP equity interests shall be cancelled and receive no distribution. The plan shall be funded from cash, exit facility, second lien loan and issue of common shares.

Atlas Resource Partners Holdings, LLC and Atlas Resource Finance Corporation Announces Successful Completion of Consent Solicitation for 9.25% Senior Notes and Extension of Consent Solicitation for 7.75% Senior Notes

Atlas Resource Partners, L.P. (ARP) announced that the Issuers have received the Requisite Consents from holders of their outstanding 9.25% Senior Notes due 2021 issued by Atlas Resource Partners Holdings, LLC and Atlas Resource Finance Corporation (each individually an "Issuer" and together the "Issuers") and guaranteed by ARP and certain subsidiary guarantors, to adopt the proposed amendments to the indenture governing the 9.25% Notes that the Issuers had requested pursuant to their previously announced consent solicitation for the 9.25% Notes. Adoption of the Amendments required the consent of holders of record as of December 9, 2015 of a majority of the outstanding aggregate principal amount of the 9.25% Notes. The Amendments increase the fixed dollar amount of secured indebtedness permitted to be incurred under the 9.25% Indenture to $1,050 million, the approximate amount of secured indebtedness permitted under the 9.25% Indenture prior to the Amendments. Currently, $325,000,000 in aggregate principal amount of the 9.25% Notes is outstanding. The 9.25% Notes Consent Solicitation expired at 5:00 p.m., New York City time, on December 17, 2015 (the "Expiration Date"). The Issuers will pay to each holder of the 9.25% Notes who, prior to the Expiration Date, delivered (and did not revoke) a valid consent in favor of the Amendments a cash payment (the "Consent Fee") of $10.00 for each $1,000 principal amount of the 9.25% Notes in respect of which such consent was delivered.

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