debt
confidence high
sentiment neutral
materiality 0.55
Summit Midstream prices $250M additional 8.625% senior secured second lien notes due 2029
Summit Midstream Corp
- Priced at 103.375% of par; will form single series with existing $575M notes.
- Net proceeds to repay portion of ABL facility and for general corporate purposes.
- Offering expected to close on or about January 10, 2025, subject to customary conditions.
- Notes guaranteed on senior second-priority basis by SMC and certain subsidiaries.