AMERICAN MIDSTREAM PARTNERS, LP (NYSE:AMID) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01 Completion of Acquisition or Disposition of Assets.

On September 1, 2017, American Midstream Partners, LP (“AMID”) completed its disposition to SHV Energy N. V. (“SHV Energy”) of 50% of the membership interests in Pinnacle Propane, LLC (“the Propane Business”) for an aggregate purchase price of $170 million plus balance sheet cash at closing, less the repayment of all indebtedness and transaction costs, and subject to working capital adjustments (the “Transaction”), to that certain Membership Interest Purchase Agreement dated July 21, 2017 (the “Purchase Agreement”), between AMID Merger LP, a wholly-owned subsidiary of AMID, and SHV Energy.

Unaudited pro forma condensed consolidated information of AMID and, prior to January 1, 2017, of our accounting predecessor JP Energy Partners, LP ("AMID Predecessor"), to give effect to the Transaction is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. The unaudited pro forma condensed consolidated information reflects the sale of the Propane Business, which is considered a discontinued operation in accordance with Accounting Standards Codification ASC 205-20, “Presentation of Financial Statements, Discontinued Operations” for all periods presented.

Item 9.01 Financial Statements and Exhibits.

(b) Pro Forma Financial Information.

Unaudited pro forma condensed consolidated balance sheet of AMID as of June 30, 2017, unaudited pro forma condensed consolidated statement of operations of AMID for the six months ended June 30, 2017, unaudited pro forma condensed consolidated statements of operations of AMID Predecessor for the years ended December 31, 2016, 2015 and 2014, and supplemental information, are filed as Exhibit 99.1 hereto and incorporated herein by reference.

(d) Exhibits.

American Midstream Partners, LP Exhibit
EX-99.1 2 exhibit991discoppropanepla.htm EXHIBIT 99.1 Exhibit American Midstream Partners,…
To view the full exhibit click here

About AMERICAN MIDSTREAM PARTNERS, LP (NYSE:AMID)

American Midstream Partners, LP owns, operates, develops and acquires a portfolio of midstream energy assets. The Company is engaged in the business of gathering, treating, processing and transporting natural gas; gathering, transporting, storing, treating and fractionating natural gas liquids (NGLs); gathering, storing and transporting crude oil and condensates, and storing specialty chemical products. It operates through three segments: Gathering and Processing, Transmission and Terminals. The Gathering and Processing Segment consists of midstream natural gas systems that provide services, such as gathering, compression, treating, processing, fractionating, transportation, and sale of natural gas, NGLs and condensate. Its Transmission Segment consists of interstate and intrastate pipelines that transport natural gas from interconnection points on other pipelines or production points to customers. Its Terminals segment provides above-ground storage services at its marine terminals.

AMERICAN MIDSTREAM PARTNERS, LP (NYSE:AMID) Recent Trading Information

AMERICAN MIDSTREAM PARTNERS, LP (NYSE:AMID) closed its last trading session down -0.05 at 12.95 with 67,941 shares trading hands.