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Hess Midstream Prices Upsized $600 Million Private Senior Notes Offering
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Hess Midstream Prices Upsized $600 Million Private Senior Notes Offering
May 9, 2024 3:50 AM

06:40 AM EDT, 05/09/2024 (MT Newswires) -- Hess Midstream ( HESM ) subsidiary Hess Midstream Operations LP said Wednesday that it priced $600 million of 6.5% senior unsecured notes due 2029 at par in a private offering, upsized from $500 million.

The company plans to use the net proceeds to reduce indebtedness outstanding under its revolving credit facility and any remaining net proceeds for general corporate purposes. The offering is expected to close on May 16.

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