06:00 PM EST, 01/07/2025 (MT Newswires) -- Summit Midstream ( SMC ) said Tuesday a subsidiary has priced the offering of $250.0 million in additional 8.625% senior secured second lien notes due 2029 at 103.375% of par.

The company said it plans to use the proceeds to repay a portion of its borrowings under its asset-based lending credit facility and for general corporate purposes. It expects to close the offering Jan. 10.