American Midstream to reduce revolver borrowings with note proceeds

By Sarah Lizee

Olympia, Wash., Dec. 14 – American Midstream Partners, LP plans to reduce borrowings under its revolving credit facility using proceeds from a new offering, according to a press release.

The company said on Thursday that it intends to offer a $100 million add-on to its 8½% senior notes due 2021.

Houston-based American Midstream Partners owns, operates, develops and acquires natural gas midstream energy assets.

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