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  "documentTitle": "Tudor, Pickering, Holt & Co | Investment Banking Pitch Book | 75 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 ownership breakdown.",
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      "text": "AMGP Ownership Comparison",
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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 at AR, and Series B units; Assumes Company provided dividend policy; Step-up depreciation details; $600mm refinancing; New capex financing.",
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      "text": "Source: FactSet as of 1/4/2019. (1) Includes equity issued for Series B unit conversion into AMGP shares. (2) Provided by Management.",
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      "text": "Transaction Assumptions",
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