ArcLight approves $75M unit purchase program for American Midstream Partners

Affiliates of ArcLight Capital Partners LLC, which controls the general partner of American Midstream Partners LP (NYSE: AMID), has approved a unit purchase program whereby ArcLight may purchase up to $75 million of common units of the Partnership.

ArcLight's unit purchases are expected to begin as early as Dec. 22. ArcLight may purchase units under the purchase program in open market transactions, in privately negotiated transactions, or otherwise. The amount and timing of any ArcLight unit purchases may vary and will be determined based on market conditions, unit price, and other factors.

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