Atlas Growth Partners $1 Billion Continuous Public Offering Declared Effective by SEC

Atlas Growth Partners L.P., a limited partnership company that invests in oil and gas assets, announced that its $1 billion continuous public offering was declared effective by the Securities and Exchange Commission. Atlas Energy Group LLC (OTCQX: ATLS) is the company’s sponsor and owns 80.01 percent interest in its general partner.

Atlas Growth Partners is offering up to 100 million common units of class A and class T limited partner interests. In order to break escrow, the company must receive minimum offering proceeds of $1 million.

Class A units are priced at $10.00 each, and have a 7 percent sales fee and 3 percent dealer-manager fee. The company is also offering 21.5 million class A units for its distribution reinvestment plan for $9.30 per unit.

Class T units are priced at $9.60, with the remaining $0.40 constituting the distribution and unitholder servicing fee, which will be withheld from cash distributions at a rate of $0.025 per quarter per unit until the obligation is fulfilled. The class T units have a 3 percent sales fee and 3 percent dealer-manager fee.

Anthem Securities Inc. is acting as the dealer manager for the offering.

Atlas Growth Partners, L.P. is an energy partnership formed to acquire energy assets in North America and currently operates in the Eagle Ford shale in South Texas. Additionally, the company is focused on acquiring energy-related assets including undeveloped and developed assets, gathering, processing and pipeline assets, and securities of energy companies. Atlas Growth Partners’ private placement ended in June 2015 after raising approximately $203.4 million in investor equity.

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