Hess Midstream Operations LP Announces Private Offering of Senior Notes Due 2030
Hess Midstream Operations LP (the Issuer), a consolidated subsidiary of Hess Midstream LP (NYSE: HESM) (HESM and, together with the Issuer, Hess Midstream), today announced that it intends to offer $750 million in aggregate principal amount of senior unsecured notes due 2030 (the Notes) in a private offering.
- Hess Midstream Operations LP (the Issuer), a consolidated subsidiary of Hess Midstream LP (NYSE: HESM) (HESM and, together with the Issuer, Hess Midstream), today announced that it intends to offer $750 million in aggregate principal amount of senior unsecured notes due 2030 (the Notes) in a private offering.
- Hess Midstream intends to use the net proceeds from the offering to finance the previously announced repurchase by the Issuer of approximately 31 million Class B units from affiliates of Hess Corporation and Global Infrastructure Partners.
- The Notes are being sold only to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States to non-U.S.
- Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess Corporation and third-party customers.