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American Midstream Selling TX and AR Refined Products Terminals to Sunoco for $125 Million

American Midstream Partners LP, November 15, 2018

American Midstream Partners, LP ("AMID" or "Partnership") has entered into a definitive agreement for the sale of its refined products terminalling business (the "Refined Products Terminals") to Sunoco LP, for approximately $125 million in cash, subject to working capital adjustments. The transaction is expected to close in the fourth quarter of 2018.

The divestiture of the Refined Products Terminals, located in Caddo Mills, Texas and North Little Rock, Arkansas, represents continued progress towards American Midstream's capital allocation strategy designed to reduce leverage and strengthen the Partnership.  In addition, the divestiture of the Refined Products Terminals simplifies AMID's business profile while creating capital flexibility.

Closing of the sale of the Refined Products Terminals is subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Act.

Barclays acted as exclusive financial advisor and Sidley Austin LLP served as legal counsel to American Midstream for the Refined Products transaction.

About American Midstream Partners, LP

American Midstream Partners, LP is a growth-oriented limited partnership formed to provide critical midstream infrastructure that links producers of natural gas, crude oil, NGLs, condensate and specialty chemicals to end-use markets. American Midstream's assets are strategically located in some of the most prolific offshore and onshore basins in the Permian, Eagle Ford, East Texas, Bakken and Gulf Coast. American Midstream owns or has an ownership interest in approximately 5,100 miles of interstate and intrastate pipelines, as well as ownership in gas processing plants, fractionation facilities, an offshore semisubmersible floating production system with nameplate processing capacity of 90 MBbl/d of crude oil and 220 MMcf/d of natural gas; and terminal sites with approximately 4.3 MMBbls of storage capacity. For more information about American Midstream Partners, LP, visit: www.americanmidstream.com.


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