secwatch.observer — SEC 8-K summary
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Issuer:     Hess Midstream LP (HESM)
CIK:        0001789832
Form:       8-K
Filed at:   2022-07-15T23:59:59+00:00
Accession:  0001193125-22-195006
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hess Midstream amends credit agreement; extends maturity to July 2027, increases accordion to $750M
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- Maturity extended from December 2024 to July 2027; $1B revolver and $400M term loan unchanged.
- Accordion feature increased to $750M, allowing total commitments up to $2.15B.
- Benchmark interest rate switched from LIBOR to SOFR.
- Covenants: total debt/EBITDA ≤ 5.00x; secured debt/EBITDA ≤ 4.00x until investment grade.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789832/000119312522195006/0001193125-22-195006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789832/000119312522195006/d378427d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-195006

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