AMERICAN MIDSTREAM PARTNERS, LP (NYSE:AMID) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02
On August8, 2017, American Midstream Partners, LP (“AMID”) acquired from Panther Asset Management, LLC 50% of the membership interests in each of Panther Operating Company, LLC, Panther Offshore Gathering Systems, LLC and Panther Pipeline, LLC (collectively, the “Acquired Entities”) and certain related assets for an aggregate purchase price of $51,950,000, consisting of 908,127 common units representing limited partner interests in AMID (the “Common Units”) and $39,100,000 in cash, subject to adjustments for working capital and indebtedness of the Acquired Entities. The issuance of the Common Units was completed in reliance upon the exemption from the registration requirements of the Securities Act of 1933, as amended, provided by Section4(a)(2) thereof as transactions by an issuer not involving any public offering.
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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.
