ArcLight May Purchase Up to $75M American Midstream Partners (AMID) Units

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Go back to ArcLight May Purchase Up to $75M American Midstream Partners (AMID) Units

ArcLight Capital Partners Announces $75 Million Unit Purchase Program for American Midstream

December 21, 2015 8:00 AM EST

BOSTON, Dec. 21, 2015 /PRNewswire/ -- Affiliates of ArcLight Capital Partners, LLC ("ArcLight"), which controls the general partner of American Midstream Partners, LP (NYSE: AMID) (the "Partnership") today announced that ArcLight has approved a unit purchase program (the "Purchase Program") whereby ArcLight may purchase up to $75 million of common units of the Partnership.

ArcLight's unit purchases are expected to commence as early as December 22, 2015.  ArcLight may purchase units under the Purchase Program in open market transactions, in privately negotiated transactions, or otherwise.  The amount and timing of any ArcLight unit... More