American Midstream extends consent solicitation for 8½% notes

Chicago, May 28 – American Midstream Partners, LP and American Midstream Finance Corp. have extended the expiration time for the consent solicitation for their $425 million of 8½% senior notes due 2021, according to a notice.

The consent solicitation will now expire at 5 p.m. ET on May 31.

The issuers are soliciting consents from holders to amend certain provisions governing the notes.

Specifically, the amendments will eliminate the requirement to file certain reports with the Securities and Exchange Commission upon consummation of the pending merger with an affiliate of ArcLight Energy Partners Fund V, LP.

Other requirements that will no longer be applicable to the partnership following its expected conversion from a limited partnership into a member-managed limited liability company will also be removed.

Noteholders representing at least a majority of the total principal amount outstanding must give consent for the adoption of the proposed amendments.

Consents may be revoked until either the execution and delivery of the proposed amendments or the expiration date.

The issuers will pay a total of $1,062,500 as a consent payment on a pro rata basis to noteholders who deliver valid and unrevoked consents on or prior to the expiration date.

Only holders of record as of 5 p.m. ET on May 17 are eligible to deliver consents.

D.F. King & Co., Inc. is the information and tabulation agent. Questions and requests for copies of the consent solicitation statement should be directed to D.F. King at 212 269-5550 (collect) or 800 870-0653 (toll free) or via e-mail at amid@dfking.com.

Wells Fargo Securities is serving as solicitation agent (collect: 704 410-4756 or toll free: 866 309-6316).

Houston-based American Midstream Partners owns, operates, develops and acquires natural gas midstream energy assets.

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