---
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"
generated_at: "2026-06-07T22:10:49.976459+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Summit Midstream exchanges $180M of 2025 notes for $209.5M of 12% 2026 notes; amends ABL facility

## Summary
- 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.

## SEC filing metadata
- accession: 0001549922-23-000018
- form_type: 8-K
- cik: 0001549922
- company_name: Summit Midstream Partners, LP
- filed_at: 2023-11-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001549922-23-000018
- JSON: https://secwatch.observer/filing/0001549922-23-000018.json
- Plain text: https://secwatch.observer/filing/0001549922-23-000018.txt

## Key facts
- Debt Financings
  Summit Midstream Partners, LP incurred senior notes of $209.5 million aggregate principal amount maturing October 15, 2026.
  - Instrument: senior notes
  - Principal: $209.5 million aggregate principal amount
  - Maturity: October 15, 2026
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1549922/000154992223000018/0001549922-23-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.