09:03 AM EDT, 07/17/2024 (MT Newswires) -- Summit Midstream Partners ( SMLP ) said Wednesday that its unit, Summit Midstream Holdings, has launched a $500 million offering of new senior secured second lien notes that mature in 2029.

The partnership said the proceeds from the offering, along with cash on hand and borrowings under the partnership's asset-based lending credit facility, will be used primarily to buy back or redeem all existing 8.5% senior secured second lien notes that mature in 2026 and 5.75% senior notes that mature in 2025.