Summit Midstream Partners, LP: M&A transaction — Summit Midstream Partners completes C-corp conversion; units converted to common stock

Summit Midstream Partners, LP

Common units automatically converted 1:1 into Summit Midstream Corporation common stock.
Series A preferred units converted 1:1 into new Series A preferred stock of the corporation.
Partnership equity delisted from NYSE effective August 1, 2024; trading suspended.
Partnership to file Form 15 to deregister and suspend SEC reporting obligations.
Outstanding phantom unit awards converted into restricted stock units with same terms.

item 2.01 item 3.01 item 3.03 item 5.01 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

Summit Midstream Partners, LP underwent a change of control involving Summit Midstream Corporation (closed 2024-08-01).

Action: change of control
Counterparty: Summit Midstream Corporation
Closing: 2024-08-01

Exact text from the filing

On August 1, 2024, Summit Midstream Partners, LP (the “Partnership”) , completed the previously announced transactions contemplated by the Agreement and Plan of Merger (the “Merger Agreement”), by and among the Partnership, Summit Midstream Corporation, a Delaware corporation (the “Corporation”), Summit SMC NewCo, LLC (“Merger Sub”), a wholly-owned subsidiary of the Corporation, and Summit Midstream GP, LLC, the general partner of the Partnership (the “General Partner”), pursuant to which Merger Sub merged with and into the Partnership (the “Merger”), with the Partnership continuing as the surviving entity and a wholly-owned subsidiary of the Corporation

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Source: SEC EDGAR

accession 0001013762-24-003496

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