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ATP to replace 100% senior secured loans

|Includes:ATP Oil & Gas Corp. (ATPAQ)


There are 12 million shares of ATP short.

The company just announced they are completely replacing their existing debt.

I could not imagine better news.  Here is the link.

http://phx.corporate-ir.net/phoenix.zhtml?c=123846&p=irol-newsArticle&ID=1412062&highlight=



Disclosure: Long ATPG
Stocks: ATPAQ