Hess Midstream LP (HESM): debt financing — Hess Midstream LP secondary offering of 11M shares at $39.45; subsidiary issues $800M 5.875% notes

Hess Midstream LP

GIP/BlackRock affiliate sold 11M Class A shares at $39.45 each; gross proceeds $433.95M; company got $0.
Upsized from 10M shares; underwriter Goldman Sachs has 30-day option to buy up to 1.65M additional shares.
Subsidiary Hess Midstream Operations LP issued $800M 5.875% senior notes due 2028 to refinance 5.625% notes due 2026.
Secondary offering and notes offering closed on February 12, 2025.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

Hess Midstream LP incurred senior notes of $800,000,000 in aggregate principal amount with Computershare Trust Company, N.A., as trustee at 5.875% senior notes due 2028 maturing 2028.

Instrument: senior notes
Principal: $800,000,000 in aggregate principal amount
Counterparty: Computershare Trust Company, N.A., as trustee
Rate: 5.875% senior notes due 2028
Maturity: 2028
Event: incurrence

Exact text from the filing

On February 12, 2025, 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 the Company, of $800,000,000 in aggregate principal amount of its 5.875% senior notes due 2028 (the “Notes”), the Issuer entered into an indenture, dated as of February 12, 2025 (the “Indenture”), with Computershare Trust Company, N.A., as trustee

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Hess Midstream LP filing history →

Source: SEC EDGAR

accession 0001193125-25-025112

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