American Midstream Increases Revolving Credit Facility to $500 Million and Extends Maturity to 2019

DENVER--()--American Midstream Partners, LP (NYSE: AMID; the “Partnership”) announced today the execution of an amended and restated credit facility to increase the borrowing capacity to $500 million, with the option to further increase the borrowing capacity to $700 million, and to extend the maturity to September 2019.

The syndicate of fourteen banks is led by Bank of America, N.A., as Administrative Agent, Collateral Agent, L/C Issuer and Lender. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC acted as Joint Lead Arrangers and Joint Book Managers.

Other agents participating in the credit facility are Wells Fargo Bank, National Association, as Syndication Agent and Lender; Compass Bank; Capital One, National Association; Citibank, N.A.; Comerica Bank and SunTrust Bank as Co-Documentation Agents and Lenders. Additional Lenders include Barclays Bank PLC; Cadence Bank, N.A.; Deutsche Bank AG - New York Branch; ABN AMRO Capital USA LLC; Royal Bank of Canada; Santander Bank, N.A. and UBS AG Stamford Branch.

The Partnership expects to use the credit facility to fund growth and for other partnership purposes.

“We are pleased to increase the borrowing capacity of our revolving credit facility to support our growth objectives,” said Steve Bergstrom, Executive Chairman, President and CEO. “We appreciate the support of existing and new lenders, and the additional financial flexibility will support our near- and long-term growth projects, including the current expansion of the Lavaca System in the Eagle Ford and the build-out of the Harvey terminal. The upsized revolving credit facility also provides additional liquidity to pursue third-party and drop-down acquisition opportunities, including the previously announced potential acquisition of the Gonzales County full-well-stream gathering system and a 50 percent interest in Republic Midstream, both in the prolific Eagle Ford Shale. Looking forward, we remain focused on executing our growth strategy and delivering long-term, sustainable distribution growth.”

About American Midstream Partners, LP

Denver-based American Midstream Partners is a growth-oriented limited partnership formed to own, operate, develop and acquire a diversified portfolio of midstream energy assets. The Partnership provides midstream services in the Texas, Gulf Coast and Southeast regions of the United States. For more information about American Midstream Partners, LP, visit www.AmericanMidstream.com.

Forward-Looking Statements

This press release includes forward-looking statements. These statements relate to, among other things, projections of operational volumetrics and improvements, growth projects, cash flows and capital expenditures. We have used the words "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," "will," "potential," and similar terms and phrases to identify forward-looking statements in this press release. Although we believe the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect. Our operations and future growth involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Actual results and trends in the future may differ materially from those suggested or implied by the forward-looking statements depending on uncertainties related to the closing of the private placement described in this press release as well as a variety of other factors, which are described in greater detail in our filings with the SEC. The closing of the acquisitions described in this press release are subject to negotiation of definitive acquisition agreements and other conditions beyond our control. In addition, if we consummate either or both of these acquisitions, we face risks associated with the integration of the business, decreased liquidity, increased interest and other expenses, assumption of potential liabilities, diversion of management’s attention, and other risks associated with acquisitions and growth. Please see our Risk Factor disclosures included in our Annual Report on Form 10-K for the year ended December 31, 2013 filed on March 11, 2014, and our Quarterly Report on Form 10-Q for the quarter ended June 30, 2014 filed on August 11, 2014. All future written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the previous statements. The forward-looking statements herein speak as of the date of this press release. We undertake no obligation to update any information contained herein or to publicly release the results of any revisions to any forward-looking statements that may be made to reflect events or circumstances that occur, or that we become aware of, after the date of this press release.

Contacts

American Midstream Partners, LP
Investor Contact
Allysa Howell, 303-942-2359
Investor Relations Manager
AHowell@Americanmidstream.com

Contacts

American Midstream Partners, LP
Investor Contact
Allysa Howell, 303-942-2359
Investor Relations Manager
AHowell@Americanmidstream.com