{"schema_version":"secwatch.filing_event.v1","accession":"0001549922-22-000035","form_type":"8-K","ticker":null,"cik":"0001549922","company_name":"Summit Midstream Partners, LP","filed_at":"2022-12-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.107527+00:00","generated_at":"2026-06-21T10:14:17.736356+00:00","sec_items":["2.01","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Summit Midstream closes $305M bolt-on acquisition in DJ Basin; funds with ABL and $85M notes","bullets":["Acquired Outrigger DJ and Sterling DJ for $305M cash; $165M for Outrigger DJ, $140M for Sterling DJ.","Financed via ABL borrowings and $85M of new 8.500% Senior Secured Second Lien Notes due 2026.","Reinvested ~$115M of proceeds from earlier Lane and Bison system divestitures into these transactions.","Post-closing, SMLP has ~$335M drawn on its $400M ABL facility; integration of gas gathering and processing assets underway."],"urls":{"canonical":"https://secwatch.observer/filing/0001549922-22-000035","json":"https://secwatch.observer/filing/0001549922-22-000035.json","markdown":"https://secwatch.observer/filing/0001549922-22-000035.md","text":"https://secwatch.observer/filing/0001549922-22-000035.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1549922/000154992222000035/0001549922-22-000035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1549922/000154992222000035/smlp-20221201.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T10:14:17.736356+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e49b8036980e6e28ffeb167934d752ff3d1e1534","claim":"Summit Midstream Partners, LP incurred senior notes of $85 million at 8.500% maturing due 2026.","evidence_excerpt":"of the Transactions, SMP Holdings and Summit Midstream Finance Corp., a Delaware corporation (together with SMP Holdings, the “Co-Issuers”), called for redemption all of the $85 million aggregate principal amount of the issued and outstanding 8.500% Senior Secured Second Lien Notes due 2026 (the “Mirror Notes”) issued to certain purchasers pursuant to Section","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1549922/000154992222000035/0001549922-22-000035-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$85 million"},{"label":"Rate","value":"8.500%"},{"label":"Maturity","value":"due 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"62435341c7f2ede4e7d5704f7ad4fecddc0c48fd","claim":"Summit Midstream Partners, LP completed an acquisition involving Outrigger Energy II LLC and Sterling Investment Holdings LLC for $305 million (closed 2022-12-01).","evidence_excerpt":"and processing systems, a crude oil gathering system, freshwater rights, and a subsurface freshwater delivery system in the DJ Basin for an aggregate cash consideration of $305 million, subject to customary post-closing adjustments. The Outrigger DJ and Sterling DJ consolidated asset portfolio is located in Weld, Morgan, and Logan Counties, Colorado and","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1549922/000154992222000035/0001549922-22-000035-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Outrigger Energy II LLC and Sterling Investment Holdings LLC"},{"label":"Consideration","value":"$305 million"},{"label":"Closing","value":"2022-12-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}