secwatch / observer
8-K filed May 19, 2023, 7:59 PM ET ticker HESM CIK 0001789832
other material confidence high sentiment neutral materiality 0.75

Hess Midstream LP announces secondary offering of 12.8M Class A shares at $27.00 per share by selling shareholders

Hess Midstream LP

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Hess Midstream LP entered into Underwriting Agreement with Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC, as representatives of the several underwriters valued at 11,100,000 Class A shares ... at a price of $27.00 per Class A Share, less underwriting discounts (effective 2023-05-16).

Action
entry
Agreement
underwriting
Counterparty
Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC, as representatives of the several underwriters
Value
11,100,000 Class A shares ... at a price of $27.00 per Class A Share, less underwriting discounts
Effective
2023-05-16
Exact text from the filing
ability company and the general partner of the General Partner, Hess Investments North Dakota LLC, a Delaware limited liability company (“HINDL”), GIP II Blue Holding, L.P., a Delaware limited partnership (together with HINDL, the “Selling Shareholders”), and Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC, as representatives of the several underwriters listed therein (the “Underwriters”), entered into an Underwriting Agreement (the “Underwriting Agreement”), pursuant to which the Selling Shareholders agreed to sell to the Underwriters, and the Underwriters agreed to purchase from the Selling Shareholders, subject to and upon the terms and conditions set forth therein, 11,100,000 Class A shares representing limited partner interests in the Company (the “Class A Shares”) at a price of $27.00 per Class A Share, less underwriting discounts (the “Secondary Offering”).
View on SEC.gov

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Hess Midstream LP filing history →

Source: SEC EDGAR
accession 0001193125-23-149336
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