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The two companies LLC, on April 1 . Atlasz Energy Resources LLC (NYSE:ATN), an affiliate of Atlas Pipelind Partners, will be the anchor tenant on Laurekl Mountain’s system. Under its agreement with Tulsa, Okla.-based Williams Atlas PipelinePartners (NYSE:APL) will receive $90 million in a preferred right to proceeds undetr a $25.5 million obligation from and 49 percent of Laurel Mountain. The obligation amortize in equal principal installments over three Atlas Pipeline Partners can convert its rightg to receive accrued principal and interesyt under the obligation into a sum equal to the accruexd principal and interest and use that to covere its required capital expenditurex underthe joint-venture agreement.
Atlads Pipeline Partners also said its lender recently agreed to relax the covenantas relating to total debt and earningsbeforee interest, taxes, depreciation and amortization on its $380 millio revolving credit line and $463 million term loan facility. , which owns the general partne r of AtlasPipeline Partners, said Monday it has repaixd $30 million on its credi t facility and will pay down the remaining $16 million balance in equal quarterly installments over the next Atlas Pipeline Holdings (NYSE:AHD) got the $30 million it used to pay down the facilityg by issuing $15 milliom of preferred limited partner units to Atlaz Pipeline Partners and by borrowing $15 million from Atlas America Inc.
, whichh owns Atlas Pipeline Holdings’ generak partner and 64 percent of its common Atlas America (NASDAQ:ATLS) also guaranteed that Atlas Pipeline Holdings will repau the remaining $16 million on its credit The Atlas companies have offices in Philadelphiq and Moon, Pa.
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