Summit Midstream Corp (SMC): M&A transaction — Summit Midstream completes corporate reorganization; begins trading as SMC on NYSE

Summit Midstream Corp

Summit Midstream Partners LP merged into wholly-owned subsidiary; Summit Midstream Corp becomes successor issuer.
Common stock begins trading NYSE under SMC; prior SMLP units delisted; each unit exchanged for one share.
$575M 8.625% senior secured second lien notes 2029 guaranteed by parent; ABL and intercreditor joinder executed.
Board of directors appointed: 7 directors including J. Heath Deneke (Chairman/CEO); executive officers unchanged.
Series A Preferred Stock issued with $1,000 liquidation preference; certificate of incorporation and bylaws amended.

item 1.01 item 2.01 item 2.03 item 5.01 item 5.02 item 5.03 item 5.05 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Lee Jacobe

Class I Director

SMC · Summit Midstream Corp

Effective: 2024-08-01
Filed: August 1, 2024, 7:59 PM ET

the Board of Directors of the Company (the “Board”) appointed Lee Jacobe and Jerry L. Peters as Class I directors

Appointed

Jerry L. Peters

Class I Director

SMC · Summit Midstream Corp

Effective: 2024-08-01
Filed: August 1, 2024, 7:59 PM ET

the Board of Directors of the Company (the “Board”) appointed Lee Jacobe and Jerry L. Peters as Class I directors

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Lee Jacobe was appointed as Class I Director at Summit Midstream Corp.

Action: appointed
Role: Class I Director

Exact text from the filing

the Board of Directors of the Company (the “Board”) appointed Lee Jacobe and Jerry L. Peters as Class I directors

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jerry L. Peters was appointed as Class I Director at Summit Midstream Corp.

Action: appointed
Role: Class I Director

Exact text from the filing

the Board of Directors of the Company (the “Board”) appointed Lee Jacobe and Jerry L. Peters as Class I directors

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Summit Midstream Corp underwent a change of control (closed 2024-08-01).

Action: change of control
Closing: 2024-08-01

Exact text from the filing

On August 1, 2024, Summit Midstream Corporation, a Delaware corporation (the “Company”), completed the previously announced transactions contemplated by the Agreement and Plan of Merger (the “Merger Agreement”), by and among the Company, Summit SMC NewCo, LLC (“Merger Sub”), a wholly-owned subsidiary of the Company, Summit Midstream Partners, LP (the “Partnership”) 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, with the Partnership continuing as the surviving entity and a wholly-owned subsidiary of the Company (the “Corporate Reorganization”).

View on SEC.gov

15 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Summit Midstream Corp filing history →

Source: SEC EDGAR

accession 0001013762-24-003515

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