There can be no assurance as to when and whether the Additional Consideration will be paid.Ī copy of the Purchase Agreement is filed as Exhibit 2.1 to this Current Report on Form 8-K. The Purchase Agreement also provides for potential post-closing additional cash consideration (the ' Additional Consideration ') that is structured based on GIP's realized profit at exit. The Sale closed pursuant to the membership interest purchase and sale agreement (the ' Purchase Agreement '), dated as of October 1, 2017, by and among LMS, MMH, MGP and Purchaser. LMS received net cash proceeds from the Sale of approximately $829.6 million for its 49% ownership interest in MGP, before post-closing adjustments and taxes, but after deduction of its proportionate share of fees and other expenses associated with the Sale.

(' Purchaser '), an affiliate of Global Infrastructure Partners (' GIP '), for cash consideration of approximately $1.825 billion, subject to customary post-closing adjustments. On October 30, 2017, LMS, a wholly-owned subsidiary of the Company, together with Medallion Midstream Holdings, LLC (' MMH '), which is owned and controlled by an affiliate of The Energy & Minerals Group (' EMG '), completed the previously announced sale (the ' Sale ') of 100% of the ownership interests in Medallion Gathering & Processing, LLC (' MGP ') to Medallion Midland Acquisition Partnership, L.P.

Free instal Attribute Changer 11.20b