UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 25)*
American Midstream Partners, LP
(Name of Issuer)
Common Units Representing Limited Partner Interests
(Title of Class of Securities)
02752P 100
(CUSIP Number)
Christine Miller
Magnolia Infrastructure Partners, LLC
c/o ArcLight Capital Partners
200 Clarendon Street, 55th Floor
Boston, MA 02117
(617) 531-6338
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
January 2, 2019
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D and is filing this Schedule because of Rule 13d-1(e), Rule 13d-1(f) or 13d-1(g), check the following box: ☐
* | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.
CUSIP No. 02752P 100 | SCHEDULE 13D |
1. | Name of Reporting Person
American Midstream GP, LLC | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
WC/OO | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)
☐ | |||||
6. | Citizenship or Place of Organization
Delaware |
Number of Shares Beneficially Owned by Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
1,349,609 (See Note 1) | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
1,349,609 (See Note 1) |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,349,609 (See Note 1) | |||||
12. | Check if the Aggregate Amount in Row 11 Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row 11
2.5% (See Note 2) | |||||
14. | Type of Reporting Person
OO (Limited Liability Company) |
Note 1: Represents 1,349,609 common units of the Issuer (Common Units) held by American Midstream GP, LLC, the Issuers general partner.
Note 2: Based on 53,816,114 Common Units outstanding, which equals the sum of (a) 53,005,627 Common Units outstanding as of November 6, 2018 and (b) 810,517 Common Units issued to Magnolia Infrastructure Holdings, LLC on December 10, 2018.
CUSIP No. 02752P 100 | SCHEDULE 13D |
1. | Name of Reporting Person
AMID GP Holdings, LLC | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
WC/OO | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)
☐ | |||||
6. | Citizenship or Place of Organization
Delaware |
Number of Shares Beneficially Owned by Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
1,349,609 (See Note 1) | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
1,349,609 (See Note 1) |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,349,609 (See Note 1) | |||||
12. | Check if the Aggregate Amount in Row 11 Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row 11
2.5% (See Note 2) | |||||
14. | Type of Reporting Person
OO (Limited Liability Company) |
Note 1: Represents 1,349,609 common units of the Issuer (Common Units) held by American Midstream GP, LLC, which is approximately 23% owned by AMID GP Holdings, LLC.
Note 2: Based on 53,816,114 Common Units outstanding, which equals the sum of (a) 53,005,627 Common Units outstanding as of November 6, 2018 and (b) 810,517 Common Units issued to Magnolia Infrastructure Holdings, LLC on December 10, 2018.
CUSIP No. 02752P 100 | SCHEDULE 13D |
1. | Name of Reporting Person
High Point Infrastructure Partners, LLC | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
WC/OO | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)
☐ | |||||
6. | Citizenship or Place of Organization
Delaware |
Number of Shares Beneficially Owned by Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
11,223,778 (See Note 1) | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
11,223,778 (See Note 1) |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
11,223,778 (See Note 1) | |||||
12. | Check if the Aggregate Amount in Row 11 Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row 11
17.6% (See Note 2) | |||||
14. | Type of Reporting Person
OO (Limited Liability Company) |
Note 1: Represents 7,707,571 Series A-l Convertible Preferred Units (Series A-l Units) held by High Point Infrastructure Partners, LLC (High Point), convertible into 9,874,169 common units of the Issuer (Common Units) and 1,349,609 Common Units held by American Midstream GP, LLC, which is approximately 77% owned by High Point.
Note 2: Based on 63,690,313 Common Units outstanding, on an as-converted basis, which equals the sum of (a) 53,005,627 Common Units outstanding as of November 6, 2018, (b) 810,517 Common Units issued to Magnolia Infrastructure Holdings, LLC on December 10, 2018 and (c) 9,874,169 Common Units issuable upon the conversion of Series A-l Units outstanding.
CUSIP No. 02752P 100 | SCHEDULE 13D |
1. | Name of Reporting Person
Magnolia Infrastructure Partners, LLC | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
WC/OO | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)
☐ | |||||
6. | Citizenship or Place of Organization
Delaware |
Number of Shares Beneficially Owned by Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
16,073,094 (See Note 1) | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
16,073,094 (See Note 1) |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
16,073,094 (See Note 1) | |||||
12. | Check if the Aggregate Amount in Row 11 Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row 11
23.7% (See Note 2) | |||||
14. | Type of Reporting Person
OO (Limited Liability Company) |
Note 1: Represents 7,707,571 Series A-1 Convertible Preferred Units (Series A-1 Units) held by High Point Infrastructure Partners, LLC (High Point), convertible into 9,874,169 common units of the Issuer (Common Units), which are indirectly owned by Magnolia Infrastructure Partners, LLC (Magnolia), 3,302,158 Series A-2 Convertible Preferred Units (Series A-2 Units) held by Magnolia, convertible into 4,230,395 Common Units, 1,349,609 Common Units held by American Midstream GP, LLC, which is approximately 77% owned by High Point, and 618,921 Common Units held by Magnolia.
Note 2: Based on 67,920,708 Common Units outstanding, on an as-converted basis, which equals the sum of (a) 53,005,627 Common Units outstanding as of November 6, 2018, (b) 810,517 Common Units issued to Magnolia Infrastructure Holdings, LLC on December 10, 2018, (c) 9,874,169 Common Units issuable upon the conversion of Series A-l Units outstanding and (d) 4,230,395 Common Units issuable upon the conversion of Series A-2 Units outstanding.
CUSIP No. 02752P 100 | SCHEDULE 13D |
1. | Name of Reporting Person
Magnolia Infrastructure Holdings, LLC | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
WC/OO | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)
☐ | |||||
6. | Citizenship or Place of Organization
Delaware |
Number of Shares Beneficially Owned by Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
37,183,485 (See Note 1) | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
37,183,485 (See Note 1) |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
37,183,485 (See Note 1) | |||||
12. | Check if the Aggregate Amount in Row 11 Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row 11
47.4% (See Note 2) | |||||
14. | Type of Reporting Person
OO (Limited Liability Company) |
Note 1: Represents 7,707,571 Series A-l Convertible Preferred Units (Series A-1 Units) held by High Point Infrastructure Partners, LLC (High Point), convertible into 9,874,169 common units of the Issuer (Common Units), which are indirectly owned by Magnolia Infrastructure Partners, LLC (Magnolia), 3,302,158 Series A-2 Convertible Preferred Units (Series A-2 Units) held by Magnolia, convertible into 4,230,395 Common Units, 9,241,642 Series C Convertible Preferred Units (Series C Units) held by Magnolia Infrastructure Holdings, LLC (Magnolia Holdings), convertible into 9,254,580 Common Units, 1,291,869 Common Units issuable upon exercise of the warrant issued to Magnolia Holdings by American Midstream Partners, LP, dated April 25, 2016, 10,563,942 Common Units held by Magnolia Holdings, 1,349,609 Common Units held by American Midstream GP, LLC, which is approximately 77% owned by High Point and approximately 23% owned by AMID GP Holdings, LLC, which is approximately 93% owned by Magnolia Holdings, and 618,921 Common Units held by Magnolia, taking into account the transactions discussed in Item 3.
Note 2: Based on 78,467,157 Common Units outstanding, on an as-converted basis, which equals the sum of (a) 53,005,627 Common Units outstanding as of November 6, 2018, (b) 810,517 Common Units issued to Magnolia Holdings on December 10, 2018, (c) 9,874,169 Common Units issuable upon the conversion of Series A-1 Units outstanding, (d) 4,230,395 Common Units issuable upon the conversion of Series A-2 Units outstanding, (e) 9,254,580 Common Units issuable upon the conversion of Series C Units outstanding and (f) 1,291,869 Common Units issuable upon exercise of the warrant issued to Magnolia Holdings by American Midstream Partners, LP, dated April 25, 2016.
CUSIP No. 02752P 100 | SCHEDULE 13D |
1. | Name of Reporting Person
ArcLight Energy Partners Fund V, L.P. | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
WC/OO | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)
☐ | |||||
6. | Citizenship or Place of Organization
Delaware |
Number of Shares Beneficially Owned by Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
40,036,967 (See Note 1) | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
40,036,967 (See Note 1) |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
40,036,967 (See Note 1) | |||||
12. | Check if the Aggregate Amount in Row 11 Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row 11
51.0% (See Note 2) | |||||
14. | Type of Reporting Person
PN |
Note 1: Represents 7,707,571 Series A-l Convertible Preferred Units (Series A-1 Units) held by High Point Infrastructure Partners, LLC (High Point), convertible into 9,874,169 common units of the Issuer (Common Units), which are indirectly owned by Magnolia Infrastructure Partners, LLC (Magnolia), 3,302,158 Series A-2 Convertible Preferred Units (Series A-2 Units) held by Magnolia, convertible into 4,230,395 Common Units, 9,241,642 Series C Convertible Preferred Units (Series C Units) held by Magnolia Infrastructure Holdings, LLC (Magnolia Holdings), convertible into 9,254,580 Common Units, 1,291,869 Common Units issuable upon exercise of the warrant issued to Magnolia Holdings by American Midstream Partners, LP, dated April 25, 2016, 10,563,942 Common Units held by Magnolia Holdings, 1,349,609 Common Units held by American Midstream GP, LLC, which is approximately 77% owned by High Point and approximately 23% owned by AMID GP Holdings, LLC, which is approximately 93% owned by Magnolia Holdings, 618,921 Common Units held by Magnolia and 2,853,482 Common Units held by Busbar II, LLC, taking into account the transactions discussed in Item 3.
Note 2: Based on 78,467,157 Common Units outstanding, on an as-converted basis, which equals the sum of (a) 53,005,627 Common Units outstanding as of November 6, 2018, (b) 810,517 Common Units issued to Magnolia Holdings on December 10, 2018, (c) 9,874,169 Common Units issuable upon the conversion of Series A-1 Units outstanding, (d) 4,230,395 Common Units issuable upon the conversion of Series A-2 Units outstanding, (e) 9,254,580 Common Units issuable upon the conversion of Series C Units outstanding and (f) 1,291,869 Common Units issuable upon exercise of the warrant issued to Magnolia Holdings by American Midstream Partners, LP, dated April 25, 2016.
CUSIP No. 02752P 100 | SCHEDULE 13D |
1. | Name of Reporting Person
ArcLight PEF GP V, LLC | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
WC/OO | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)
☐ | |||||
6. | Citizenship or Place of Organization
Delaware |
Number of Shares Beneficially Owned by Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
40,036,967 (See Note 1) | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
40,036,967 (See Note 1) |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
40,036,967 (See Note 1) | |||||
12. | Check if the Aggregate Amount in Row 11 Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row 11
51.0% (See Note 2) | |||||
14. | Type of Reporting Person
OO (Limited Liability Company) |
Note 1: Represents 7,707,571 Series A-l Convertible Preferred Units (Series A-1 Units) held by High Point Infrastructure Partners, LLC (High Point), convertible into 9,874,169 common units of the Issuer (Common Units), which are indirectly owned by Magnolia Infrastructure Partners, LLC (Magnolia), 3,302,158 Series A-2 Convertible Preferred Units (Series A-2 Units) held by Magnolia, convertible into 4,230,395 Common Units, 9,241,642 Series C Convertible Preferred Units (Series C Units) held by Magnolia Infrastructure Holdings, LLC (Magnolia Holdings), convertible into 9,254,580 Common Units, 1,291,869 Common Units issuable upon exercise of the warrant issued to Magnolia Holdings by American Midstream Partners, LP, dated April 25, 2016, 10,563,942 Common Units held by Magnolia Holdings, 1,349,609 Common Units held by American Midstream GP, LLC, which is approximately 77% owned by High Point and approximately 23% owned by AMID GP Holdings, LLC, which is approximately 93% owned by Magnolia Holdings, 618,921 Common Units held by Magnolia and 2,853,482 Common Units held by Busbar II, LLC, taking into account the transactions discussed in Item 3.
Note 2: Based on 78,467,157 Common Units outstanding, on an as-converted basis, which equals the sum of (a) 53,005,627 Common Units outstanding as of November 6, 2018, (b) 810,517 Common Units issued to Magnolia Holdings on December 10, 2018, (c) 9,874,169 Common Units issuable upon the conversion of Series A-1 Units outstanding, (d) 4,230,395 Common Units issuable upon the conversion of Series A-2 Units outstanding, (e) 9,254,580 Common Units issuable upon the conversion of Series C Units outstanding and (f) 1,291,869 Common Units issuable upon exercise of the warrant issued to Magnolia Holdings by American Midstream Partners, LP, dated April 25, 2016.
CUSIP No. 02752P 100 | SCHEDULE 13D |
1. | Name of Reporting Person
ArcLight Capital Holdings, LLC | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
WC/OO | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)
☐ | |||||
6. | Citizenship or Place of Organization
Delaware |
Number of Shares Beneficially Owned by Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
40,036,967 (See Note 1) | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
40,036,967 (See Note 1) |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
40,036,967 (See Note 1) | |||||
12. | Check if the Aggregate Amount in Row 11 Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row 11
51.0% (See Note 2) | |||||
14. | Type of Reporting Person
OO (Limited Liability Company) |
Note 1: Represents 7,707,571 Series A-l Convertible Preferred Units (Series A-1 Units) held by High Point Infrastructure Partners, LLC (High Point), convertible into 9,874,169 common units of the Issuer (Common Units), which are indirectly owned by Magnolia Infrastructure Partners, LLC (Magnolia), 3,302,158 Series A-2 Convertible Preferred Units (Series A-2 Units) held by Magnolia, convertible into 4,230,395 Common Units, 9,241,642 Series C Convertible Preferred Units (Series C Units) held by Magnolia Infrastructure Holdings, LLC (Magnolia Holdings), convertible into 9,254,580 Common Units, 1,291,869 Common Units issuable upon exercise of the warrant issued to Magnolia Holdings by American Midstream Partners, LP, dated April 25, 2016, 10,563,942 Common Units held by Magnolia Holdings, 1,349,609 Common Units held by American Midstream GP, LLC, which is approximately 77% owned by High Point and approximately 23% owned by AMID GP Holdings, LLC, which is approximately 93% owned by Magnolia Holdings, 618,921 Common Units held by Magnolia and 2,853,482 Common Units held by Busbar II, LLC, taking into account the transactions discussed in Item 3.
Note 2: Based on 78,467,157 Common Units outstanding, on an as-converted basis, which equals the sum of (a) 53,005,627 Common Units outstanding as of November 6, 2018, (b) 810,517 Common Units issued to Magnolia Holdings on December 10, 2018, (c) 9,874,169 Common Units issuable upon the conversion of Series A-1 Units outstanding, (d) 4,230,395 Common Units issuable upon the conversion of Series A-2 Units outstanding, (e) 9,254,580 Common Units issuable upon the conversion of Series C Units outstanding and (f) 1,291,869 Common Units issuable upon exercise of the warrant issued to Magnolia Holdings by American Midstream Partners, LP, dated April 25, 2016.
CUSIP No. 02752P 100 | SCHEDULE 13D |
1. | Name of Reporting Person
ArcLight Capital Partners, LLC | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
WC/OO | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)
☐ | |||||
6. | Citizenship or Place of Organization
Delaware |
Number of Shares Beneficially Owned by Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
40,036,967 (See Note 1) | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
40,036,967 (See Note 1) |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
40,036,967 (See Note 1) | |||||
12. | Check if the Aggregate Amount in Row 11 Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row 11
51.0% (See Note 2) | |||||
14. | Type of Reporting Person
OO (Limited Liability Company) |
Note 1: Represents 7,707,571 Series A-l Convertible Preferred Units (Series A-1 Units) held by High Point Infrastructure Partners, LLC (High Point), convertible into 9,874,169 common units of the Issuer (Common Units), which are indirectly owned by Magnolia Infrastructure Partners, LLC (Magnolia), 3,302,158 Series A-2 Convertible Preferred Units (Series A-2 Units) held by Magnolia, convertible into 4,230,395 Common Units, 9,241,642 Series C Convertible Preferred Units (Series C Units) held by Magnolia Infrastructure Holdings, LLC (Magnolia Holdings), convertible into 9,254,580 Common Units, 1,291,869 Common Units issuable upon exercise of the warrant issued to Magnolia Holdings by American Midstream Partners, LP, dated April 25, 2016, 10,563,942 Common Units held by Magnolia Holdings, 1,349,609 Common Units held by American Midstream GP, LLC, which is approximately 77% owned by High Point and approximately 23% owned by AMID GP Holdings, LLC, which is approximately 93% owned by Magnolia Holdings, 618,921 Common Units held by Magnolia and 2,853,482 Common Units held by Busbar II, LLC, taking into account the transactions discussed in Item 3.
Note 2: Based on 78,467,157 Common Units outstanding, on an as-converted basis, which equals the sum of (a) 53,005,627 Common Units outstanding as of November 6, 2018, (b) 810,517 Common Units issued to Magnolia Holdings on December 10, 2018, (c) 9,874,169 Common Units issuable upon the conversion of Series A-1 Units outstanding, (d) 4,230,395 Common Units issuable upon the conversion of Series A-2 Units outstanding, (e) 9,254,580 Common Units issuable upon the conversion of Series C Units outstanding and (f) 1,291,869 Common Units issuable upon exercise of the warrant issued to Magnolia Holdings by American Midstream Partners, LP, dated April 25, 2016.
CUSIP No. 02752P 100 | SCHEDULE 13D |
1. | Name of Reporting Person
Daniel R. Revers | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☒
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
WC/OO | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)
☐ | |||||
6. | Citizenship or Place of Organization
Delaware |
Number of Shares Beneficially Owned by Each Reporting Person With
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
40,036,967 (See Note 1) | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
40,036,967 (See Note 1) |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
40,036,967 (See Note 1) | |||||
12. | Check if the Aggregate Amount in Row 11 Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row 11
51.0% (See Note 2) | |||||
14. | Type of Reporting Person
IN |
Note 1: Represents 7,707,571 Series A-l Convertible Preferred Units (Series A-1 Units) held by High Point Infrastructure Partners, LLC (High Point), convertible into 9,874,169 common units of the Issuer (Common Units), which are indirectly owned by Magnolia Infrastructure Partners, LLC (Magnolia), 3,302,158 Series A-2 Convertible Preferred Units (Series A-2 Units) held by Magnolia, convertible into 4,230,395 Common Units, 9,241,642 Series C Convertible Preferred Units (Series C Units) held by Magnolia Infrastructure Holdings, LLC (Magnolia Holdings), convertible into 9,254,580 Common Units, 1,291,869 Common Units issuable upon exercise of the warrant issued to Magnolia Holdings by American Midstream Partners, LP, dated April 25, 2016, 10,563,942 Common Units held by Magnolia Holdings, 1,349,609 Common Units held by American Midstream GP, LLC, which is approximately 77% owned by High Point and approximately 23% owned by AMID GP Holdings, LLC, which is approximately 93% owned by Magnolia Holdings, 618,921 Common Units held by Magnolia and 2,853,482 Common Units held by Busbar II, LLC, taking into account the transactions discussed in Item 3.
Note 2: Based on 78,467,157 Common Units outstanding, on an as-converted basis, which equals the sum of (a) 53,005,627 Common Units outstanding as of November 6, 2018, (b) 810,517 Common Units issued to Magnolia Holdings on December 10, 2018, (c) 9,874,169 Common Units issuable upon the conversion of Series A-1 Units outstanding, (d) 4,230,395 Common Units issuable upon the conversion of Series A-2 Units outstanding, (e) 9,254,580 Common Units issuable upon the conversion of Series C Units outstanding and (f) 1,291,869 Common Units issuable upon exercise of the warrant issued to Magnolia Holdings by American Midstream Partners, LP, dated April 25, 2016.
This Amendment No. 25 to Schedule 13D amends and supplements the Statement on Schedule 13D filed on May 3, 2013, as amended by Amendment No. 1 filed on November 14, 2014, Amendment No. 2 filed on February 17, 2015, Amendment No. 3 filed on April 3, 2015, Amendment No. 4 filed on May 15, 2015, Amendment No. 5 filed on August 18, 2015, Amendment No. 6 filed on August 19, 2015, Amendment No. 7 filed on September 17, 2015, Amendment No. 8 filed on November 18, 2015, Amendment No. 9 filed on December 22, 2015, Amendment No. 10 filed on January 6, 2016, Amendment No. 11 filed on January 11, 2016, Amendment No. 12 filed on February 1, 2016, Amendment No. 13 filed on February 24, 2016, Amendment No. 14 filed on April 27, 2016, Amendment No. 15 filed on May 18, 2016, Amendment No. 16 filed on November 3, 2016, Amendment No. 17 filed on December 6, 2016, Amendment No. 18 filed on March 8, 2017, Amendment No. 19 filed on August 18, 2017, Amendment No. 20 filed on October 12, 2017, Amendment No. 21 filed on August 20, 2018, Amendment No. 22 filed on September 28, 2018, Amendment No. 23 filed on December 6, 2018 and Amendment No. 24 filed on December 11, 2018 (as amended, this Schedule 13D), filed with respect to the common units representing limited partner interests (Common Units) of American Midstream Partners, LP (the Issuer).
ITEM 4. | Purpose of Transaction. |
Item 4 is hereby amended and supplemented by adding the following immediately after the last paragraph:
On January 2, 2019, Magnolia Infrastructure Holdings, LLC (Magnolia Holdings) delivered a non-binding offer revising the Offer Letter (the Revised Offer Letter) to members of the conflicts committee of the board of directors of American Midstream GP, LLC to acquire all of the issued and outstanding publicly held Common Units of the Issuer that are not directly owned by Magnolia Holdings or any of its affiliates in exchange for $4.50 in cash for each such Common Unit. The foregoing description of the Revised Offer Letter does not purport to be complete and is qualified in its entirety by reference to the full text of the Revised Offer Letter, which is filed as Exhibit 1 hereto and is incorporated by reference in its entirety into this Item 4.
ITEM 7. | Material to be Filed as Exhibits. |
See the Exhibit Index following the signature pages hereto.
SIGNATURES
After reasonable inquiry and to the best of each of the undersigneds knowledge and belief, each of the undersigned hereby certifies that the information set forth in this statement is true, complete and correct.
Dated: January 3, 2019
AMERICAN MIDSTREAM GP, LLC |
By its Class A Members: |
AMID GP HOLDINGS, LLC |
/s/ Daniel R. Revers |
Daniel R. Revers, President |
and |
HIGH POINT INFRASTRUCTURE PARTNERS, LLC |
/s/ Daniel R. Revers |
Daniel R. Revers, President |
AMID GP HOLDINGS, LLC |
/s/ Daniel R. Revers |
Daniel R. Revers, President |
HIGH POINT INFRASTRUCTURE PARTNERS, LLC |
/s/ Daniel R. Revers |
Daniel R. Revers, President |
MAGNOLIA INFRASTRUCTURE PARTNERS, LLC |
/s/ Daniel R. Revers |
Daniel R. Revers, President |
MAGNOLIA INFRASTRUCTURE HOLDINGS, LLC |
/s/ Daniel R. Revers |
Daniel R. Revers, President |
ARCLIGHT ENERGY PARTNERS FUND V, L.P. |
By: ArcLight PEF GP V, LLC, its General Partner By: ArcLight Capital Holdings, LLC, its Manager By: ACHP II, L.P., its Managing Member |
By: ACH GP, LLC, its General Partner |
/s/ Daniel R. Revers |
Daniel R. Revers, Manager |
ARCLIGHT PEF GP V, LLC |
By: ArcLight Capital Holdings, LLC, its Manager By: ACHP II, L.P., its Managing Member |
By: ACH GP, LLC, its General Partner |
/s/ Daniel R. Revers |
Daniel R. Revers, Manager |
ARCLIGHT CAPITAL HOLDINGS, LLC |
By: ACHP II, L.P., its Managing Member By: ACH GP, LLC, its General Partner |
/s/ Daniel R. Revers |
Daniel R. Revers, Manager |
ARCLIGHT CAPITAL PARTNERS, LLC |
/s/ Daniel R. Revers |
Daniel R. Revers, Managing Partner |
/s/ Daniel R. Revers |
Daniel R. Revers |
EXHIBIT INDEX
Exhibit Number |
Description | |
1. | Offer Letter, dated January 2, 2019. |