Hess Midstream LP (HESM): debt financing — Hess Midstream issues $600M in 6.500% senior notes due 2029

Hess Midstream LP

Issuer Hess Midstream Operations LP completed $600M aggregate principal of 6.500% senior notes due 2029.
Notes rank equally with existing and future senior debt; effectively subordinated to secured debt.
Proceeds used to repay borrowings under revolving credit facility and for general corporate purposes.
Indenture includes customary covenants, events of default, and change-of-control repurchase at 101%.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Hess Midstream LP incurred senior notes of $600,000,000 with Computershare Trust Company, N.A. at 6.500% maturing due 2029.

Instrument: senior notes
Principal: $600,000,000
Counterparty: Computershare Trust Company, N.A.
Rate: 6.500%
Maturity: due 2029
Event: incurrence

Exact text from the filing

On May 16, 2024, in connection with the closing of the previously announced offering (the “Notes Offering”) and issuance by Hess Midstream Operations LP, a Delaware limited partnership (the “Issuer”), and consolidated subsidiary of Hess Midstream LP, a Delaware limited partnership (the “Company”), of $600,000,000 in aggregate principal amount of its 6.500% senior notes due 2029 (the “Notes”), the Issuer entered into an indenture, dated as of May 16, 2024 (the “Indenture”), with Computershare Trust Company, N.A., as trustee (the “Trustee”) and the Guarantors (as defined below) party thereto.

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Source: SEC EDGAR

accession 0001193125-24-140570

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