American Midstream Partners Announces Pricing of Common Unit Offering

  American Midstream Partners Announces Pricing of Common Unit Offering

Business Wire

DENVER -- January 23, 2014

American Midstream Partners, LP (NYSE:AMID) (the “Partnership”) announced
today that it priced an underwritten public offering of 3,400,000 common units
representing limited partner interests at $26.75 per common unit. The offering
is expected to close on January 29, 2014. The Partnership also granted the
underwriters a 30-day option to purchase up to 510,000 additional common
units.

The Partnership intends to use the net proceeds from this offering to fund a
portion of the purchase price for the previously announced acquisition of
certain assets from a subsidiary of Penn Virginia Corporation (the “PVA Asset
Acquisition”). In the event the Partnership does not consummate the PVA Asset
Acquisition, the Partnership will use the net proceeds of this offering to
repay a portion of the outstanding borrowings under its credit facility or for
general partnership purposes. If the underwriters exercise their option to
purchase additional common units, the Partnership intends to use all the net
proceeds from the sale of additional common units to repay a portion of the
outstanding borrowings under its credit facility.

Barclays and UBS Investment Bank acted as joint book-running managers for the
offering. When available, a copy of the prospectus supplement and accompanying
base prospectus relating to this offering may be obtained from either of the
underwriters by contacting:

Barclays
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Phone: (888)603-5847
Email: barclaysprospectus@broadridge.com

UBS Investment Bank
Attn: Prospectus Dept.
299 Park Avenue
New York, NY 10171
Phone: (888) 827-7275

You may also obtain these documents free of charge when they are available by
visiting the Securities and Exchange Commission’s website at www.sec.gov.

The common units are being offered and will be sold pursuant to an effective
shelf registration statement that was previously filed with the Securities and
Exchange Commission. This press release does not constitute an offer to sell
or the solicitation of an offer to buy the securities described herein, nor
shall there be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or jurisdiction.
This offering is being made only by means of a prospectus supplement and an
accompanying base prospectus.

About American Midstream Partners, LP

Denver-based American Midstream Partners, LP 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 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 contains forward-looking statements as defined under the
federal securities laws, including statements regarding the intended use of
offering proceeds and other aspects of the common unit offering. Although
management believes that expectations reflected in such forward-looking
statements are reasonable, no assurance can be given that such expectations
will prove to be correct. In addition, these statements are subject to certain
risks, uncertainties and other assumptions that are difficult to predict and
may be beyond our control, including market conditions, customary offering
closing conditions and other factors described in the prospectus and
accompanying prospectus supplement for the offering. If one or more of these
risks or uncertainties materialize, or if underlying assumptions prove
incorrect, the Partnership’s actual results may vary materially from what
management anticipated, estimated, projected or expected.

Investors are encouraged to closely consider the disclosures and risk factors
contained in the Partnership’s annual and quarterly reports filed from time to
time with the Securities and Exchange Commission and in the prospectus and
accompanying prospectus supplement for the offering. The statements herein
speak only as of the date of this press release. The Partnership undertakes no
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.

Contact:

American Midstream Partners, LP
Kyle Quackenbush, 720-457-6070
 
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