ATP Oil & Gas Corp. (ATPG) announced that it has priced a private offering of 1.25 million shares of new series of 8.00% convertible perpetual preferred stock for net proceeds of about $121 million. The company estimates to close the private offering to occur on September 29, 2009.
The company has also granted a 30-day option to the initial purchasers to buy about 350,000 additional shares to cover any over-allotments.
The company said that the annual dividend on each share of convertible preferred stock is $8.00 and is payable quarterly, in arrears, on each January 1, April 1, July 1, and October 1, commencing on January 1, 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.