General and Vendor Q&A
1. What did the Company announce?
Azure Midstream Partners, LP announced that it has commenced cases under Chapter 11 of the
United States Bankruptcy Code.
2. Is the Company going out of business?
No. The Company is not going out of business and operation will continue in the normal course
during the case. The Company anticipates filing a motion to approve procedures for a sale of all
or substantially all of its assets, as well as a Chapter 11 plan and accompanying disclosure
statement shortly after the “first day” hearing.
3. Will this affect the Company's operations?
No. Operations will continue without interruption during this process.
4. Will Azure Midstream Holdings, LLC file a Chapter 11 case?
5. Which entities are included in the Chapter 11 cases?
Azure Midstream Partners, LP and certain of its subsidiaries are included in the filing. The
Holdings entities are not part of the cases.
6. Where can I get further information about the filing?
Information on the restructuring is available at www.kccllc.net/azuremlp.
7. When will the Company file its 2016 10-K?
The Company intends to file the 10-K prior to the filing deadline.
8. Will vendors continue to be paid?
If you are a vendor or supplier who is paid through Azure Midstream Partners, these
proceedings should not impact the Company’s ability to uphold its agreements with vendors or
suppliers going forward. Azure will continue to pay for goods and services in the usual manner.
Moreover, the Company will ask the Bankruptcy Court for authority to pay any amounts owed
as of the date of the Chapter 11 filing and in accordance with current terms, so far as those
terms remain in place. The Company anticipates receiving approval from the Court to pay these
9. Why should vendors continue to do business with the Company?
Going forward, Vendors will be paid for goods and services in the normal course of business
without interruption. The Company is also seeking authority to pay any amounts owed as of the
date of the Chapter 11 filing in full and anticipates receiving approval to pay such amounts. We
value our on-going relationship with you and our focus remains on delivering excellent project
execution and safety performance for our customers.
10. Will the Company renegotiate terms with vendors?
The Company may renegotiate terms with its suppliers on a case by case basis because of
business conditions, not because of the restructuring.
11. When will vendors be paid past due amounts?
We anticipate paying past due amounts within the next few weeks. We apologize for any
12. Will the Company reduce or discontinue ordering supplies?
The Company anticipates continuing to order supplies based on customer demand and market