Atlas Resource Partners Enters Into Restructuring Support Agreement

The Firm is representing Atlas Resource Partners, L.P. in connection with a restructuring to be implemented through a prepackaged Chapter 11 plan of reorganization. Atlas Resource Partners has entered into a restructuring support agreement with 100 percent of its revolving credit facility lenders, 100 percent of its second-lien lenders and approximately 80 percent of its senior noteholders. The restructuring, if completed, will immediately reduce Atlas Resource Partners' debt by approximately $900 million and interest expense by approximately $80 million per year.