American Midstream Partners LP
Description
Offered senior unsecured notes due 2021 in a private placement. Net proceeds will be deposited into escrow pending completion of AMID’s merger with JP Energy Partners LP When proceeds released from escrow at end of merger, they will repay and terminate JP Energy’s revolving credit facility and reduce borrowings under AMID’s senior secured revolving credit facility. Merger is expected to close during the first quarter of 2017.