HOUSTON, July 15, 2019 /PRNewswire/ -- American
Midstream Partners, LP (NYSE: AMID) (the "Partnership") today
announced that it has notified the New York Stock Exchange ("NYSE")
of the anticipated closing date of the previously-announced merger
transactions contemplated by that certain Agreement and Plan of
Merger, dated March 17, 2019, by and
among the Partnership, American Midstream GP, LLC and affiliates of
ArcLight Energy Partners Fund V, L.P. (the "Purchaser"). The
Partnership anticipates that the merger will close on July 23, 2019.
Upon the closing of the merger on the terms and conditions set
forth in the merger agreement, the Partnership will be a wholly
owned subsidiary of the Purchaser. Following completion of
the merger, the common units of the Partnership will cease to be
listed on the NYSE and will be deregistered under the Securities
Exchange Act of 1934.
About American Midstream Partners, LP
American Midstream Partners, LP is a limited partnership formed
to provide midstream infrastructure that links producers of natural
gas, crude oil, NGLs and condensate to end-use markets. The
Partnership's assets are located in the Permian, Eagle Ford,
East Texas, Bakken and Gulf Coast.
The Partnership owns or has an ownership interest in approximately
5,100 miles of interstate and intrastate pipelines, as well as
ownership in gas processing plants, fractionation facilities, an
offshore semisubmersible floating production system and terminal
sites with approximately 1.0 MMBbls of storage capacity.
For more information about American Midstream Partners, LP,
visit: www.americanmidstream.com. The content of our website is not
part of this release.
This press release includes "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act and Section 21E of the
Securities Exchange Act of 1934, as amended, including statements
related to the Partnership's expectations regarding the delisting
of the common units and the closing of the transactions under the
Merger Agreement. We have used the words "expect," "intend," "may,"
"will," "would," "plan," "anticipate" and similar terms and phrases
to identify forward-looking statements in this press release.
Although we believe the assumptions upon which these
forward-looking statements are based are reasonable, any of these
assumptions could prove to be inaccurate and the forward-looking
statements based on these assumptions could be incorrect. Many of
the factors that will determine these results are beyond our
ability to control or predict. These factors include the risk
factors described in Part I, Item 1A. in our Annual Report on Form
10-K for the year ended December 31,
2018, filed with the Securities and Exchange Commission on
April 1, 2019, and our other filings
with the SEC. All future written and oral forward-looking
statements attributable to us or persons acting on our behalf are
expressly qualified in their entirety by the previous statements.
The forward-looking statements herein speak as of the date of this
press release. We undertake no obligation to update such statements
for any reason, except as required by law.
American Midstream Partners, LP
SOURCE American Midstream Partners, LP