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    American Midstream amends private placement of common units

    American Midstream Partners LP

    American Midstream Partners LP (NYSE: AMID) reports an amendment to the company’s private placement of common units. In July, the Partnership executed an agreement with a group of institutional investors to sell common units in a private placement. On Aug. 15, and as a result of the previously announced modification of the acquisition of assets from DCP Midstream LLC, the Partnership amended the common unit purchase agreement to change the common units to be sold in the private placement from $200 million to $120 million.

    The Partnership expects to issue 4.6 million common units upon closing the transaction on Aug. 20, and will use the net proceeds from the private placement to support future growth and for general partnership purposes.

     

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