American Midstream Partners to Merge with JP Energy Partners, Creating a $2 Billion Diversified Midstream MLP
> Transformational merger creates strategic midstream platform
> Enhance access to capital sources; target pro forma liquidity over $250 million
> Low pro forma leverage of 3.8x and improved ability to pursue acquisitions
> Establish clear path to mid-single digit distribution growth through the long-term
HOUSTON–October 24, 2016 06:00 AM Eastern Daylight Time –(BUSINESS WIRE)–American Midstream Partners, LP (NYSE: AMID) (“American Midstream”) and JP Energy Partners LP (NYSE: JPEP) (“JP Energy”) announced today their execution of a merger agreement to create a combined midstream platform.