American Midstream Partners, LP Prices Public Offering

Jul 26, 2011, 18:34 ET from American Midstream Partners, LP

DENVER, July 26, 2011 /PRNewswire/ -- American Midstream Partners, LP (the "Partnership") announced today the pricing of its initial public offering (the "IPO") of 3,750,000 common units representing limited partner interests at $21.00 per common unit.  The common units are expected to begin trading on the New York Stock Exchange on July 27, 2011 under the ticker symbol "AMID."  The underwriters have the option to purchase from the Partnership up to an additional 562,500 common units, at the same price per common unit, to cover over-allotments, if any.  The offering is expected to close on or about August 1, 2011, subject to customary closing conditions.


Upon the conclusion of the offering, the public will own 40.6% of the Partnership's outstanding equity (or 46.7% if the underwriters exercise their over-allotment option in full).  AIM Midstream Holdings, LLC and directors and officers of the Partnership's general partner will own the remaining equity in the Partnership.

Citi and BofA Merrill Lynch are acting as joint book-running managers, with Barclays Capital, Raymond James and Wells Fargo Securities acting as co-managers for the offering.  The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from the offices of:

Attn: Prospectus Department
Brooklyn Army Terminal
140 58th Street, 8th Floor
Brooklyn, New York 11220
Telephone: (800) 831-9146

BofA Merrill Lynch
Attn: Prospectus Department
4 World Financial Center
New York, New York 10080

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About American Midstream Partners, LP

We are a growth-oriented Delaware limited partnership that was formed to own, operate, develop and acquire a diversified portfolio of natural gas midstream energy assets. We are engaged in the business of gathering, treating, processing and transporting natural gas through our ownership and operation of nine gathering systems, three processing facilities, two interstate pipelines and six intrastate pipelines. Our primary assets, which are strategically located in Alabama, Louisiana, Mississippi, Tennessee and Texas, provide critical infrastructure that links producers and suppliers of natural gas to diverse natural gas markets, including various interstate and intrastate pipelines, as well as utility, industrial and other commercial customers.

Forward-Looking Statements

This press release contains certain statements that may include "forward-looking statements."  All statements, other than statements of historical facts, included herein are "forward-looking statements." Included among "forward-looking statements" are, among other things, statements regarding supply and demand for natural gas, natural gas liquids, and crude oil, market conditions and other factors discussed in the Partnership's preliminary prospectus for the IPO. Although the Partnership believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. The actual results for the Partnership could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including market conditions, other risks typically associated with securities offerings and risks associated with the Partnership's business, the Partnership's structure and the tax characteristics of the common units.  In particular, the forward-looking statements of the Partnership are subject to the risks and uncertainties discussed in the preliminary prospectus for the IPO. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, the Partnership does not assume a duty to update these forward-looking statements.

SOURCE American Midstream Partners, LP