Howard Midstream Energy Partners LLC

Alberta Investment Management Corp. (AIMCo) will purchase Series B preferred units in a private placement, initially $300 million units with a commitment to purchase an additional $200 million in the future. Net proceeds will repay HEP’s outstanding debt, fund capital projects and support general corporate purposes. RBC Capital Markets and Tudor, Pickering, Holt & Co. were HEP’s financial advisers, and Latham & Watkins LLP was HEP’s legal counsel. Evercore was AIMCo’s financial adviser, and Kirkland & Ellis LLP was AIMCo’s legal counsel.