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  "documentTitle": "Tudor, Pickering, Holt & Co | Investment Banking Pitch Book | 78 slides",
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  "authorName": "Tudor, Pickering, Holt & Co",
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  "presentationDate": "2019-01-01 00:00:00",
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  "notes": "Includes detailed exchange ratios, debt refinancing terms, and pro-forma ownership pie charts.",
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      "text": "PRELIMINARY & CONFIDENTIAL",
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      "text": "AMGP Ownership Comparison: Status Quo vs Pro Forma",
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      "text": "Transaction effective on 12/31/2018. To acquire AM, AMGP will convert into a C-Corp in a 100% stock transaction. Base case assumes exchange ratios for Public AM, AM units held at AR, and Series B units. Assumes dividend policy, step-up depreciation, and debt refinancing.",
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      "text": "Source: FactSet as of 1/2/2019. (1) Includes equity issued for Series B unit conversion into AMGP shares. (2) Provided by Management.",
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      "text": "Sources & Uses At Proposed Transaction table showing $5,919 total.",
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