American Midstream Partners, LP (NYSE:AMID) Files An 8-K Entry into a Material Definitive Agreement

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American Midstream Partners, LP (NYSE:AMID) Files An 8-K Entry into a Material Definitive Agreement

Item1.01.

Entry into a Material Definitive Agreement

Second Amended Credit Agreement

On March 8, 2017, American Midstream Partners, LP (the
Partnership), American Midstream, LLC (the
Company), Blackwater Investments, Inc. (the Blackwater
Borrower
, and together with the Company, the
Borrowers) entered into a Second Amended and Restated
Credit Agreement with Bank of America, N.A., as Administrative
Agent, Collateral Agent and L/C Issuer, Wells Fargo Bank,
National Association, as Syndication Agent, Bank of Montreal,
Capital One National Association, Citibank, N.A., Suntrust Bank,
Natixis, New York Branch, ABN AMRO Capital USA LLC, Barclays Bank
PLC, Royal Bank of Canada, Santander Bank, N.A. and BNP Paribas
acted as Co-Documentation Agents, Merrill Lynch Pierce, Fenner
Smith Incorporated and Wells Fargo Securities, LLC, as joint lead
arrangers and joint book managers, and the lenders party thereto
(the Second Amended Credit Agreement).

By entering into the Second Amended Credit Agreement, the Company
amended its existing credit facility to increase its borrowing
capacity thereunder from $750 million to $900 million and to
provide for an accordion feature that will permit, subject to the
customary conditions, the borrowing capacity under the facility
to be increased to a maximum of $1.1 billion. The $900 million in
lending commitments under the Second Amended Credit Agreement
includes a $30 million sublimit for borrowings by the Blackwater
Borrower and a $100 million sublimit for standby letters of
credit, which was increased in this Second Amended Credit
Agreement from $50 million. The Second Amended Credit Agreement
matures on September 5, 2019.

The Second Amended Credit Agreement facilitates the joinder to
the credit facility of certain surviving entities (the JPE
Entities
) from the merger with JP Energy Partners LP (the
Merger) and adjusts certain covenants, representations and
warranties under the credit facility to support the JPE Entities.

All obligations under the Second Amended Credit Agreement and the
guarantees of those obligations are secured, subject to certain
exceptions, by a first-priority lien on and security interest in
substantially all of the Borrowers assets and the assets of all,
subject to certain exceptions, existing and future subsidiaries,
including the JPE Entities, and all of the capital stock of the
Partnerships existing and future subsidiaries.

The foregoing descriptions of the Second Amended Credit Agreement
is not complete and is qualified in its entirety by reference to
the full and complete terms of the Second Amended Credit
Agreement, which is attached to this Current Report on Form8-K as
Exhibit 10.1.

Supplemental Indenture

In connection with the successful completion of the Merger, on
March 8, 2017, the Partnership, the JPE Entities and Wells Fargo
Bank, National Association, as trustee, entered into a
supplemental indenture (the Supplemental Indenture) to
which the JPE Entities jointly and severally, fully and
unconditionally, guaranteed the Partnerships $300 million
aggregate principal amount of 8.50% senior unsecured notes due
2021 (the Notes) on an unsubordinated, unsecured basis.

The foregoing description of the Supplemental Indenture is not
complete and is qualified in its entirety by reference to the
full and complete terms of the Supplemental Indenture, which is
attached to this Current Report on Form 8-K as Exhibit 4.1.

Item2.03. Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant

The information set forth in Item 1.01 is incorporated into this
Item 2.03 by reference.

Item9.01. Financial Statements and Exhibits

d) Exhibits.

Number

Description

4.1

Supplemental Indenture, dated as of March 8, 2017, by and
among American Midstream Partners, LP, the Guarantors party
thereto and Wells Fargo Bank, National Association, as
trustee.

10.1

Second Amended and Restated Credit Agreement, dated as of
March 8, 2017, by and among American Midstream, LLC,
Blackwater Investments, Inc., American Midstream Partners,
LP, Bank of America, N.A., Wells Fargo Bank, National
Association, Bank of Montreal, Capital One National
Association, Citibank, N.A., SunTrust Bank, Natixis New
York Branch, ABN AMRO Capital USA LLC, Barclays Bank PLC,
Royal Bank of Canada, Santander Bank, N.A., Merrill, Lynch,
Pierce, Fenner Smith Incorporated, Wells Fargo Securities,
LLC and the lenders party thereto.


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 -0.45 at 15.70 with 162,452 shares trading hands.