American Midstream Partners LP (NYSE: AMID) offered $200 million of its common units in a private placement, the company said July 14.
Net proceeds will fund the acquisition of assets from an affiliate of DCP Midstream LLC, and will also support general partnership purposes, the company said.
The offer is scheduled to close in August, alongside the asset acquisition, the company said.
Advisory Research Inc. and Salient Capital Partners are co-lead investors, and Wells Fargo Securities LLC is the sole placement agent, the company said.
Denver-based American Midstream Partners LP ...