{"schema_version":"secwatch.filing_event.v1","accession":"0001549922-23-000018","form_type":"8-K","ticker":null,"cik":"0001549922","company_name":"Summit Midstream Partners, LP","filed_at":"2023-11-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.478686+00:00","generated_at":"2026-06-07T22:10:49.976459+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Summit Midstream exchanges $180M of 2025 notes for $209.5M of 12% 2026 notes; amends ABL facility","bullets":["Issued $209.5M of 12% senior unsecured notes due 2026 via exchange of $180M 2025 notes plus $29.5M cash.","ABL facility amended: interest coverage covenant 1.75x through 2024 and 1.90x thereafter; springing borrowing base reserve added.","New notes mature Oct 15, 2026; interest payable semi-annually; redemption at 101% before Apr 2025, 102% after.","Amendment requires reduction of 2025 notes to <$50M by March 2024 and redemption by Dec 2024 using 2024 projected excess cash flow."],"urls":{"canonical":"https://secwatch.observer/filing/0001549922-23-000018","json":"https://secwatch.observer/filing/0001549922-23-000018.json","markdown":"https://secwatch.observer/filing/0001549922-23-000018.md","text":"https://secwatch.observer/filing/0001549922-23-000018.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1549922/000154992223000018/0001549922-23-000018-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1549922/000154992223000018/smlp-20231116.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T22:10:49.976459+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":"6b6efa2b85bdb91806ccad0d40212bf48843ffbb","claim":"Summit Midstream Partners, LP incurred senior notes of $209.5 million aggregate principal amount maturing October 15, 2026.","evidence_excerpt":"the “Guarantors”) entered into a privately negotiated purchase and exchange agreement (the “Exchange Agreement”) with certain purchasers listed therein, to issue a total of $209.5 million aggregate principal amount of senior unsecured notes due 2026 (the “2026 Unsecured Notes”) in exchange for $180.0 million aggregate principal amount of existing senior unsecured","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1549922/000154992223000018/0001549922-23-000018-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$209.5 million aggregate principal amount"},{"label":"Maturity","value":"October 15, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}