secwatch.observer — SEC 8-K summary
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Issuer:     Hess Midstream LP (HESM)
CIK:        0001789832
Form:       8-K
Filed at:   2024-09-20T23:59:59+00:00
Accession:  0001193125-24-222884
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GIP affiliate sells 12.65M HESM Class A shares in upsized secondary offering at $35.12/sh
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- Offering upsized from 10M to 11M shares, plus full exercise of 1.65M-share option: total 12.65M shares.
- Price $35.12/share; selling shareholder affiliate of Global Infrastructure Partners receives net proceeds of $444.3M.
- Hess Midstream LP receives no proceeds. Underwriter Citigroup; offering closed September 20, 2024.
- Lock-up agreements restrict company, selling shareholder, and Hess Investments North Dakota for 90 days.
- Secondary sale does not change HESM's outstanding share count or operations; existing shares transferred.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789832/000119312524222884/0001193125-24-222884-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789832/000119312524222884/d844961d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-222884

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