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Hess Midstream Prices Upsized Secondary Share Offering
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Hess Midstream Prices Upsized Secondary Share Offering
Sep 21, 2024 8:35 AM

04:10 AM EDT, 09/19/2024 (MT Newswires) -- Hess Midstream ( HESM ) said late Wednesday it priced a secondary underwritten public offering of 11 million of its class A shares, upsized from 10 million shares, on behalf of an affiliate of Global Infrastructure Partners.

The selling shareholder also granted the underwriter a 30-day option to buy up to about 1.7 million additional shares. The offering is expected to close on Friday.

The company said it will not receive any proceeds from the sale of shares in the offering.

Price: 35.87, Change: -1.00, Percent Change: -2.71

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