Secured lenders led by Credit Suisse AG have been declared winners of an auction for the oil and gas drilling assets of ATP Oil & Gas Corp. with an offer of $690.8 million, Dow Jones Daily Bankruptcy Review reported today. Most of the purchase price will be in the form of canceled debt. Credit Suisse leads a syndicate of investors that have been keeping ATP going in bankruptcy, providing funds to support its activities in the Gulf of Mexico.
