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American Midstream Partners LP announces public offering of common units


Tuesday, 10 Dec 2013 04:15pm EST 

American Midstream Partners LP:Commences an underwritten public offering of 2,400,000 of its common units representing limited partner interests.Intends to grant the underwriters a 30-day option to purchase up to 360,000 additional common units.Intends to use the net proceeds from this offering to fund a portion of the $60 million purchase price for the previously announced acquisition of Blackwater Midstream Holdings LLC.Says it will use the net proceeds of this offering to repay indebtedness under its credit facility and for general partnership purposes.Says if the underwriter exercises its option to purchase additional common units, the Partnership intends to use all the net proceeds from the sale of additional common units to repay a portion of the outstanding borrowings under its credit facility.Says Barclays will act as sole book-running manager for the offering. 

Company Quote

30.0
-0.13 -0.43%
4:02pm EDT