American Midstream Partners LP


Amended and upsized its secured revolving credit facility from $750 million with an accordion feature allowing for an additional $200 million of capacity, resulting in $1.1 billion maximum borrowing capacity. Facility matures Sept. 5, 2019. Concurrently, AMID released its $300 million 8.50% senior unsecured notes from escrow. Proceeds from the issuance paid off JP Energy Partners LP revolving credit facility and paid outstanding borrowings on AMID’s revolving credit facility. Amended facility arranged by Merrill Lynch, Pierce, Fenner & Smith Inc. and Wells Fargo Securities LLC, who were joint lead arrangers and joint book managers. Bank of America NA was administrative agent, collateral agent and L/C issuer. Wells Fargo Bank NA was syndication agent. Bank of Montreal, Capital One NA, Citibank NA, Suntrust Bank, Natixis New York Branch, ABN AMRO Capital USA LLC, Barclays Bank PLC, Royal Bank of Canada, Santander Bank NA and BNP Paribas were co-documentation agents.

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