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

Affiliates of ArcLight Capital Partners, LLC, which controls the general partner of American Midstream Partners, LP (NYSE: AMID) today announced that ArcLight has approved a unit 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 purchases may vary and will be determined based on market conditions, unit price and other factors. The Purchase Program does not require ArcLight to purchase a specific number of units. There can be no assurance that ArcLight will purchase any units under the Purchase Program, and the Purchase Program may be modified or suspended at any time without prior notice. ArcLight's unit purchases, if any, made under the Purchase Program will not impact the total number of units outstanding.

"As the sponsor of the Partnership, we strongly believe the Partnership's current unit price undervalues the assets of the Partnership. In light of this belief, as well as our confidence in the strength of these assets, the management team, and prospects for the future, ArcLight authorized an additional $75 million investment to be used for ArcLight to acquire common units of the Partnership," commented Dan Revers, Managing Partner of ArcLight. "We are pleased to broaden our financial commitment to the Partnership through the Purchase Program."

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