Azure Midstream Announces Public Filing Of Registration Statement For Midstream MLP

DALLAS, Nov. 12, 2014 /PRNewswire/ -- Azure Midstream Holdings LLC ("Azure" or the "Company"), a midstream natural gas gathering and processing company based in Dallas, Texas, announced today the filing of a Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC"). The Registration Statement is for the initial public offering of common units representing limited partner interest in its newly formed, wholly owned subsidiary, Azure Midstream Partners, LP (the "Partnership" or "MLP").  The Company intends to contribute a significant equity ownership interest in its East Texas and North Louisiana midstream assets to the MLP.

Azure's asset base serves numerous producers in the Haynesville, Cotton Valley and Bossier formations via its 1,365 miles of gathering and compression system. The intended use of proceeds from the offering is to reduce indebtedness at the operating company that holds Azure's midstream assets. The offering is expected to occur in the first quarter of 2015.

The Partnership intends to apply to list the common units on the New York Stock Exchange under the ticker symbol "AZUR." The number of common units to be offered and the price range for the offering have not yet been determined.        

Citigroup and BofA Merrill Lynch are acting as joint book-running managers for the proposed offering. The offering will be made by only means of a prospectus. A copy of the preliminary prospectus meeting the requirements of Section 10 of the Securities Act relating to this offering may be obtained, when available, from:

Additionally, to obtain a free copy of the preliminary prospectus when available, please visit the SEC's website at www.sec.gov.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Cautionary Note

Disclosures in this press release contain certain forward-looking statements within the meaning of the federal securities laws. Statements that do not relate strictly to historical or current facts are forward-looking. These statements contain words such as "possible," "if," "will" and "expect" and involve risks and uncertainties including, among others, that our business plans may change as circumstances warrant and securities of Azure Midstream Partners, LP may not ultimately be offered to the public because of general market conditions or other factors. Accordingly, readers should not place undue reliance on forward-looking statements as a prediction of actual results. Neither Azure nor Azure Midstream Partners, LP undertake any obligation to update or revise such forward-looking statements to reflect events or circumstances that occur, or of which Azure or Azure Midstream Partners, LP becomes aware, after the date hereof.

Azure Midstream Holdings LLC is a full-service, growth-oriented midstream company in the natural gas production region of the prolific Haynesville and Bossier shale formations, the liquids-rich Cotton Valley formation and shallower producing sands in the Travis Peak formation in North Louisiana and East Texas. Azure has over 1,365 miles of pipelines, 16,805 horsepower of compression, 2.4 Bcf of gas treating capacity, and natural gas throughput of over 900 MMcf/day.

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SOURCE Azure Midstream Holdings LLC