other material
confidence high
sentiment neutral
materiality 0.50
Hess Midstream secondary offering of 7.5M Class A shares at $26.00 by selling shareholders
Hess Midstream LP
- Selling shareholders (Hess Corp affiliate and GIP affiliate) sold 7.5M Class A shares, upsized from 6M.
- Offering priced at $26.00/share; gross proceeds ~$195M; net proceeds ~$216.6M after underwriting discounts.
- Underwriters have 30-day option to buy up to 1.125M additional shares; option exercised in full.
- Company receives no proceeds; all shares sold by existing holders.
- Offering closed October 8, 2021; J.P. Morgan and Citi acted as joint bookrunners.