American Midstream Partners, LP (NYSE:AMID) announced a private placement of 7,613,247 common units at a price of $26.27 per unit for aggregate gross proceeds of $199,999,998.69 with certain institutional investors on July 14, 2014. The company has signed common unit purchase agreement. The common units represent limited partner interests. The transaction will include participation from new investors, Salient MLP Fund, LP, a fund managed by Telemus Investment Management, LLC, which will purchase 274,600 units for $7,213,742, H-E-B Brand Savings & Retirement Plan Trust, which will purchase 50,750 units for $1,333,202,50, Salient MLP Total Return Fund, L.P., a fund managed by Salient Capital Management, LLC, which will purchase 35,850 units for $941,779.50, Salient MLP & Energy Infrastructure II, a fund managed by a fund managed by Salient Capital Management, LLC, which will purchase 579,000 units for $15,210,330, Salient MLP Fund, a fund managed by a fund managed by Salient Partners, L.P., which will purchase 17,450 units for $458,411.50, Salient MLP & Energy Infrastructure, a fund managed by a fund managed by Salient Capital Advisors, LLC, which will purchase 262,700 units for $6,901,129, Salient Midstream & MLP Fund, a fund managed by a fund managed by Salient Capital Advisors, LLC, which will purchase 302,300 units for $7,941,421, Fiduciary/Claymore MLP Opportunity Fund, a fund managed by a fund managed by Guggenheim Funds Investment Advisors, LLC, which will purchase 520,160 units for $13,664,603.20, Nuveen Energy MLP Total Return Fund, a fund managed by a fund managed by Nuveen Investments, Inc., which will purchase 492,695 units for $12,943,097.65, Nuveen All Cap Energy MLP Opportunities Fund, a fund managed by a fund managed by Nuveen Investments, Inc., which will purchase 119,660 units for $3,143,468.20, Advisory Research MLP & Energy Income Fund, a fund managed by Investment Managers Series Trust, which will purchase 243,885 units for $6,406,858.95, Teacher's Retirement System of Oklahoma, which will purchase 132,985 units for $3,493,515.95, Advisory Research MLP & Energy Infrastructure Fund, a fund managed by Investment Managers Series Trust, which will purchase 13,265 units for $348,471.55, AIC / Cornerstone Advisors Income Opportunities Fund – Steelpath – 209780, a fund managed by Advisors' Inner Circle Fund, which will purchase 4,435 units for $116,507.45, Center Coast MLP & Infrastructure Fund, a fund managed by Center Coast Capital Advisors, LP, which will purchase 465,100 units for $12,218,177, Center Coast Capital Partners, LP, a fund managed by Center Coast Capital Advisors, LP, which will purchase 128,141 units for $3,366,264.07, ClearBridge Energy MLP Total Return Fund Inc, a fund managed by Legg Mason Partners Fund Advisor, LLC, which will purchase 148,310 units for $3,896,103.70, ClearBridge Energy MLP Fund Inc, a fund managed by Legg Mason Partners Fund Advisor, LLC, which will purchase 296,621 units for $7,792,233.67, Harvest MLP Income Fund LLC, a fund managed by Harvest Fund Advisors, LLC, which will purchase 291,479 units for $7,657,153.33, Harvest MLP Income Fund III LLC, a fund managed by Harvest Fund Advisors, LLC, which will purchase 142,492 units for $3,743,264.84, and Harvest Energy Fund LLC, a fund managed by Harvest Fund Advisors, LLC, which will purchase 10,960 units for $287,919.20. Advisory Research, Inc. and Salient Capital Partners acted as co-lead investors.

If the closing date for the transaction is after the record date for the distribution to the partnership's holders of common units with respect to the quarter ending June 30, 2014, the per unit purchase price shall be reduced by an amount equal to such per unit distribution, and the number of common units to be issued in the transaction shall be increased accordingly. The shares have lock-in period of 90 days following the closing date. The company will reimburse the investors for up to an aggregate amount of $75,000 as fees to Baker Botts L.L.P. Any legal fees of Baker Botts L.L.P. in excess of $75,000 shall be paid pro rata by all the investors in proportion to the aggregate number of purchased units purchased by each. Wells Fargo Securities, LLC will act as the placement agent to the company. The company will pay a placement agent fee of $2,000,000. Lucy Schlauch Stark of Holland & Hart LLP will act as legal advisor and PricewaterhouseCoopers LLP will act as accountant to the company. Joshua Davidson of Baker Botts L.L.P. will act as legal advisor to the investors. The closing of the private placement is subject to the closing of the acquisition of DCP LP Holdings, LLC and certain other customary conditions. This agreement shall automatically terminate at any time at or prior to the closing, if the closing shall not have occurred on or before October 2, 2014. The private placement is expected to close in August 2014.

On August 15, 2014, the company amended the terms of the transaction. The company will issue