secwatch.observer — SEC 8-K summary
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Issuer:     Hess Midstream LP (HESM)
CIK:        0001789832
Form:       8-K
Filed at:   2024-05-31T23:59:59+00:00
Accession:  0001193125-24-151737
Event type: other
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789832/000119312524151737/0001193125-24-151737-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789832/000119312524151737/d831107d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-151737

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