Hess Midstream announces secondary offering of 10M Class A shares at $34.025/share by GIP affiliate

Hess Midstream LP

Selling shareholder (GIP affiliate) offers 10M Class A shares at $34.025/share; gross proceeds of $343M.
Underwriter has 30-day option to purchase additional 1.5M shares at same price.
Company receives no proceeds from the secondary offering or any exercised option.
Closing expected May 31, 2024; 60-day lock-up on further share sales by company and selling shareholder.
J.P. Morgan is sole bookrunning manager; offering under effective shelf registration statement.

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