Latham & Watkins Advises Hess Midstream Operations LP in Private Offering of Senior Notes
Hess Midstream Operations LP (the Issuer), a consolidated subsidiary of Hess Midstream LP (NYSE: HESM) (HESM and, together with the Issuer, Hess Midstream), has announced that it has priced US$750 million aggregate principal amount of 4.250% senior notes due 2030 at par in a private offering. Hess Midstream intends to use the net proceeds from the offering to finance the previously announced repurchase by the Issuer of approximately 31 million of its Class B units from affiliates of Hess Corporation and Global Infrastructure Partners.
Latham & Watkins LLP represents Hess Midstream Operations LP in the offering with Houston-based deal team led by partners David Miller and Thomas Brandt, with associates Erin Lee, Ricky Alvarado, and Anji Yuan. Advice was also provided on tax matters by Houston partners Tim Fenn and Bryant Lee, with associate Marianne Standley; on environmental matters by Los Angeles counsel Josh Marnitz.