Finance & Investing | Capital Markets | Private Equity Activity
American Midstream Plans $200MM Offering to Fund Latest Deal
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American Midstream Partners, LP has reported the execution of an agreement with a group of institutional investors to sell $200.0 million of its common units in a private placement.
The Partnership expects to use the net proceeds from the offering to fund the recently announced acquisition of assets from an affiliate of DCP Midstream, LLC and for general partnership purposes. The private placement is expected to close in August 2014, contemporaneously with the closing of the Acquisition. Advisory Research, Inc. and Salient Capital Partners acted as co-lead investors, and Wells Fargo Securities acted as Sole Placement Agent on the offering.