05:12 AM EDT, 07/18/2024 (MT Newswires) -- Summit Midstream Partners ( SMLP ) said late Wednesday it has priced an offering of $575 million of 8.625% senior secured second lien notes due 2029.

Net proceeds will be used to fund the redemption of outstanding notes, interest payments and for general partnership purposes, the company said.

The offering, which has been upsized from $500 million, is expected to close on or about July 26, subject to customary conditions.

Price: 33.50, Change: -2.73, Percent Change: -7.54