ATP Oil & Gas (ATPG) Offering $150 Million Convertible Perpetual Preferred Stock

ATP Oil & Gas Corporation (which I have previously mentioned) announced that it is offering approximately $150 million of convertible perpetual preferred stock, which will be convertible into shares of ATP common stock at a $22.20 conversion price.

I will be interested to see the pricing (yield) of this preferred. I would be interested in buying it.