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ArcLight Approves $75MM American Midstream Unit Deal

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ArcLight Approves $75MM American Midstream Unit Deal

Affiliates of ArcLight Capital Partners, LLC, which controls the general partner of American Midstream Partners, LP announced that ArcLight has approved a unit purchase program whereby ArcLight may purchase up to $75 million of common units of the Partnership.

ArcLight's unit purchases are expected to commence as early as December 22, 2015.  ArcLight may purchase units under the Purchase Program in open market transactions, in privately negotiated transactions, or otherwise.  The amount and timing of any ArcLight unit purchases may vary and will be determined based on market conditions, unit price and other factors. The Purchase Program does not require ArcLight to purchase a specific number of units.  There can be no assurance that ArcLight will purchase any units under the Purchase…

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