Summit Midstream issues additional $250M of 8.625% senior secured second lien notes due 2029

Summit Midstream Corp

Additional $250M in 8.625% Senior Secured Second Lien Notes due 2029 issued, total now $825M outstanding.
Interest paid semi-annually at 8.625% per annum; notes mature October 31, 2029.
Proceeds used to repay ABL facility borrowings and for general corporate purposes.
Up to 40% of notes redeemable prior to July 31, 2026 at 108.625% with equity offering proceeds.
Notes rank pari passu with existing notes and are guaranteed on a senior second-priority basis.

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