secwatch.observer — SEC 8-K summary
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Issuer:     Hess Midstream LP (HESM)
CIK:        0001789832
Form:       8-K
Filed at:   2023-05-19T23:59:59+00:00
Accession:  0001193125-23-149336
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hess Midstream LP announces secondary offering of 12.8M Class A shares at $27.00 per share by selling shareholders
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- Selling shareholders (Hess subsidiary and GIP affiliate) sold 12,765,000 Class A shares at $27.00/share.
- Company received no proceeds; sellers netted approximately $333.4 million after underwriting discounts.
- Underwriters exercised full 30-day option for additional 1,665,000 shares on top of base 11,100,000.
- Company and insiders subject to 60-day lock-up on share sales without underwriter consent.
- Morgan Stanley and J.P. Morgan acted as joint bookrunners for the offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789832/000119312523149336/0001193125-23-149336-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789832/000119312523149336/d464520d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-149336

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