Hess Midstream LP
Description
Priced an underwritten public offering of 6 million Class A shares representing LP interests by a subsidiary of Hess Corp. and an affiliate of Global Infrastructure Partners at a public offering price of $21 per share. Selling shareholders have granted the underwriters a 30-day option to purchase up to 900,000 additional shares at the public offering price less underwriting discounts and commissions. HESM will not receive any proceeds from the sale of shares in the offering. Goldman Sachs & Co. LLC and Citigroup are acting as joint book-running managers. Latham & Watkins LLP represented HESM.