Hess Midstream Partners LP (HESM) Announces 7.9M Share Secondary Offering

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Go back to Hess Midstream Partners LP (HESM) Announces 7.9M Share Secondary Offering

Hess Midstream LP Announces Secondary Public Offering of Class A Shares

March 29, 2022 4:31 PM EDT

HOUSTON--(BUSINESS WIRE)-- Hess Midstream LP (NYSE: HESM) (HESM) today announced the commencement of an underwritten public offering of an aggregate of 7,900,000 Class A shares representing limited partner interests in HESM by a subsidiary of Hess Corporation and an affiliate of Global Infrastructure Partners (the Selling Shareholders). The Selling Shareholders intend to grant the underwriters a 30-day option to purchase up to 1,185,000 additional Class A shares. HESM will not receive any proceeds from the sale of Class A shares in the offering.

Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC are acting... More