secwatch.observer — SEC 8-K summary
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Issuer:     Hess Midstream LP (HESM)
CIK:        0001789832
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001193125-24-028366
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hess Midstream secondary offering of 11.5M Class A shares at $32.83 by GIP affiliate
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- Selling shareholder (GIP affiliate) sold 10M Class A shares plus full exercise of 1.5M option at $32.83 each.
- Net proceeds to selling shareholder of ~$377.5M; company received no proceeds.
- Offering closed Feb 8, 2024; Citigroup acted as sole bookrunning manager.
- Company, selling shareholder, and Hess Investments North Dakota LLC subject to 60-day lock-up.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789832/000119312524028366/0001193125-24-028366-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789832/000119312524028366/d40940d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-028366

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer