Summit Midstream Partners LP


Subsidiaries Summit Midstream Holdings LLC and Summit Midstream Finance Corp. priced a private offering of 8.50% senior secured second lien notes due 2026 at a price of 98.5% of their face value. The notes will pay interest semi-annually on April 15 and Oct. 15 of each year, commencing on April 15, 2022, and will be jointly and severally guaranteed, on a senior second-priority secured basis, by the partnership and each restricted subsidiary of the partnership that is an obligor under the credit agreement by and among Summit Holdings, as borrower, Bank of America NA, administrative agent and trustee and the several lenders and other agents party thereto. Proceeds will be used together with cash on hand and borrowings under the ABL credit agreement to repay in full all of Summit Holdings’ obligations under the third amended and restated credit agreement dated May 26, 2017 among Summit Holdings, the lenders from time to time party thereto and Wells Fargo Bank NA, as administrative agent and collateral agent, fund the previously announced conditional redemption of all of the 5.50% senior notes due 2022, pay accrued and unpaid interest on the revolving credit facility and 2022 notes and for general corporate purposes, including fees and expenses associated with the offering.

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