Hess Midstream's Unit To Privately Place $750 Mln Sr. Unsecured Notes

Hess Midstream LP (HESM) that owns, operates, and develops oil, gas and produced water handling assets in North Dakota and its consolidated subsidiary Hess Midstream Operations LP, on Monday announced that Hess Midstream Operations LP intends to offer $750 million in aggregate principal amount of senior unsecured notes due 2030 in a private offering.

Hess Midstream intends to use the net proceeds from the offering to finance the previously announced repurchase by Hess Midstream Operations LP of approximately 31 million Class B units from affiliates of Hess Corporation and Global Infrastructure Partners.

The shares of Hess Midstream LP are currently trading in pre-market at $25.75, down $0.13 or 0.50 percent from previous close.

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