This SIXTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of June 5, 2019, is among American Midstream Partners, LP, a Delaware limited partnership (the “Company”), American Midstream Finance Corporation, a Delaware corporation (“Finance Corp.” and, together with the Company, the “Issuers”), each of the parties identified under the caption “Guarantors” on the signature page hereto (the “Guarantors”) and Wells Fargo Bank, National Association, a national banking association, as trustee (the “Trustee”). Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture (as defined below).
RECITALS
WHEREAS, the Issuers, the initial Guarantors and the Trustee entered into an Indenture, dated as of December 28, 2016 (as amended, restated, supplemented, waived or otherwise modified from time to time, the “Indenture”), pursuant to which the Issuers have issued $425,000,000 in the aggregate principal amount of 8.500% Senior Notes due 2021 (the “Notes”);
WHEREAS, on March 17, 2019, the Company and its general partner, American Midstream GP, LLC, a Delaware limited liability company (the “General Partner”), entered into an Agreement and Plan of Merger with Anchor Midstream Acquisition, LLC, a Delaware limited liability company (“Parent”), Anchor Midstream Merger Sub, LLC, a Delaware limited liability company (“Merger Sub”), and High Point Infrastructure Partners, LLC, a Delaware limited liability company, pursuant to which Merger Sub will merge with and into the Company, with the Company surviving as a direct wholly-owned subsidiary of the General Partner and Parent (the “Merger”);
WHEREAS, the Issuers desire to (i) amend the covenant in Section 4.03 of the Indenture so that the Company will no longer be required to file certain reports with the Securities and Exchange Commission following consummation of the Merger; (ii) amend the covenant in Section 4.11 of the Indenture to remove certain requirements that will no longer be applicable to the Company following the Company’s conversion from a limited partnership to a member-managed limited liability company, which is expected to occur after consummation of the Merger, and to add a requirement for the Board of Directors of the Company to obtain a fairness opinion in connection with certain Affiliate Transactions; and (iii) amend Section 6.01 of the Indenture, reducing the number of days ofnon-compliance by the Company with its obligations under Section 4.03 of the Indenture that would constitute an Event of Default (collectively, the “Amendments”);
WHEREAS, Section 9.02 of the Indenture provides that the Issuers, the Guarantors and the Trustee may amend or supplement the Indenture or the Notes with the consent of the Holders of at least a majority in principal amount of the then outstanding Notes;
WHEREAS, (i) the Issuers have solicited the consent of the Holders of the outstanding Notes pursuant to and in accordance with the Consent Solicitation Statement, dated as of May 20, 2019, as amended by Amendment No. 1 to the Consent Solicitation Statement, dated June 3, 2019 (as amended, the “Consent Solicitation Statement”), and (ii) the Issuers have received, and has delivered to the Trustee evidence of, the consent of the Holders of at least a majority in principal amount of the then outstanding Notes to the Amendments as set forth in this Supplemental Indenture; and
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