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Summit Midstream Partners, LP Announces Extension of Expiration Date in Series A Preferred Unit Exchange Offer

Summit Midstream Partners, LP Announces Extension of Expiration Date in Series A Preferred Unit Exchange Offer News provided by Share this article Share this article HOUSTON, April 7, 2021 /PRNewswire/ Summit Midstream Partners, LP (NYSE: SMLP) (the Partnership ) announced today that it has amended its offer to exchange (the Exchange Offer ) its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Liquidation Preference $1,000) (the Series A Preferred Units ) tendered in the Exchange Offer for up to 2,400,000 newly issued common units representing limited partner interests in the Partnership (the Common Units ). The Partnership has extended the expiration date of the Exchange Offer to 11:59 p.m., New York City time, on April 13, 2021 (the Expiration Date ), unless further extended. The Partnership will issue Common Units in exchange for Series A Preferred Units that are accepted for exchange promptly after the Expiration Date. As of 11:59

Summit Midstream Partners, LP Announces Amendment to Series A Preferred Unit Exchange Offer

Summit Midstream Partners, LP Announces Amendment to Series A Preferred Unit Exchange Offer
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Summit Midstream Partners, LP Announces Amendment to Series A Preferred Unit Exchange Offer

Summit Midstream Partners, LP Announces Amendment to Series A Preferred Unit Exchange Offer
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Summit Midstream Partners, LP Announces Series A Preferred Unit Exchange Offer

Summit Midstream Partners, LP Announces Series A Preferred Unit Exchange Offer News provided by Share this article Share this article HOUSTON, March 10, 2021 /PRNewswire/  Summit Midstream Partners, LP (NYSE: SMLP) (the Partnership ) announced today that it has commenced an offer to exchange (the Exchange Offer ) its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Liquidation Preference $1,000) (the Series A Preferred Units ) tendered in the Exchange Offer for up to 2,160,000 newly issued common units (the Maximum Exchange Amount ) representing limited partner interests in the Partnership (the Common Units ). For each Series A Preferred Unit that is accepted in the Exchange Offer, the holder will receive 27 Common Units (the Exchange Consideration ). The Exchange Offer is conditioned on, among other things, that holders of at least 15,000 Series A Preferred Units properly tender (and do not validly withdraw) their Series A Preferred

Summit Midstream Partners, LP Announces Series A Preferred Unit Exchange Offer

Summit Midstream Partners, LP Announces Series A Preferred Unit Exchange Offer
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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