Hess Midstream Partners LP (HESM) Announces 10M Share Secondary Offering

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Go back to Hess Midstream Partners LP (HESM) Announces 10M Share Secondary Offering

Hess Midstream LP Announces Secondary Public Offering of Class A Shares

May 29, 2024 4:27 PM EDT

HOUSTON--(BUSINESS WIRE)-- Hess Midstream LP (NYSE: HESM) (HESM) today announced the commencement of an underwritten public offering of an aggregate of 10,000,000 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners (the Selling Shareholder). The Selling Shareholder intends to grant the underwriters a 30-day option to purchase up to 1,500,000 additional Class A shares. HESM will not receive any proceeds from the sale of Class A shares in the offering.

J.P. Morgan is acting as the bookrunning manager of the offering. The underwriter intends... More