04:35 AM EDT, 05/30/2024 (MT Newswires) -- Hess Midstream ( HESM ) said late Wednesday a secondary public offering of 10 million of its class A shares has been priced for gross proceeds of $343 million to the selling shareholder.

The selling shareholder, which is an affiliate of Global Infrastructure Partners, granted the underwriter a 30-day option to purchase up to 1.5 million additional class A shares.

Hess Midstream ( HESM ) said it will not receive any of the proceeds from the secondary offering, which is expected to close Friday.

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