Southcross Energy Partners Unitholders Approve Merger with American Midstream Partners

3/27/18

DALLAS, Texas, March 27, 2018 (GLOBE NEWSWIRE) -- Southcross Energy Partners, L.P. (NYSE:SXE) announced today that its unitholders have voted to approve the previously announced proposed merger of Southcross and American Midstream Partners, LP (NYSE:AMID) and related matters pursuant to the Agreement and Plan of Merger dated as of October 31, 2017 by and among Southcross, AMID, its general partner, and a certain wholly owned subsidiary of AMID.

During a special meeting of unitholders held today, investors voted on merger-related proposals, which included the merger and a non-binding advisory vote on merger compensation. The merger proposal passed with a vote of more than 95 percent of votes cast by non-affiliated unitholders, representing approximately 64 percent of all outstanding units held by such unitholders. A majority of the non-affiliated unitholders also approved the advisory merger compensation proposal.

The closing of the merger remains subject to the closing conditions described in the definitive proxy statement filed by SXE with the Securities and Exchange Commission on February 13, 2018. The merger is expected to close in the second quarter of 2018.

About Southcross Energy Partners, L.P.

Southcross Energy Partners, L.P. is a master limited partnership that provides natural gas gathering, processing, treating, compression and transportation services and NGL fractionation and transportation services. It also sources, purchases, transports and sells natural gas and NGLs. Its assets are located in South Texas, Mississippi and Alabama and include two gas processing plants, one fractionation plant and approximately 3,100 miles of pipeline. The South Texas assets are located in or near the Eagle Ford shale region. Southcross is headquartered in Dallas, Texas. Visit www.southcrossenergy.com for more information.