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HOUSTON (BUSINESS WIRE) Aug 2, 2021
Hess Midstream Operations LP (the âIssuerâ), a consolidated subsidiary of Hess Midstream LP (NYSE: HESM) (âHESMâ and, together with the Issuer, âHess Midstreamâ), today announced that it has priced $750 million in aggregate principal amount of 4.250% senior unsecured notes due 2030 (the âNotesâ) at par in a private offering. Hess Midstream intends to use the net proceeds from the offering to finance the previously announced repurchase by the Issuer of approximately 31 million Class B units from affiliates of Hess Corporation and Global Infrastructure Partners. The private offering of the Notes is expected to close on August 5, 2021, subject to the satisfaction of customary closing conditions.