Latham & Watkins Advises Hess Midstream Operations LP in US$400 Million Private Offering of Senior Notes

Hess Midstream Operations LP, a consolidated subsidiary of Hess Midstream LP (NYSE: HESM) (HESM and, together with the Issuer, Hess Midstream), has announced that it has priced US$400 million in aggregate principal amount of 5.5% senior unsecured notes due 2030 at par in a private offering. Hess Midstream intends to use the net proceeds from the offering to repay the borrowings under its revolving credit facility used to finance the previously announced repurchase by the Issuer of 13,559,322 Class B units from affiliates of Hess Corporation and Global Infrastructure Partners. The private offering of the Notes is expected to close on April 8, 2022, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represents Hess Midstream LP in its offering with a corporate deal team led by Austin partner David Miller, Houston partner Thomas Brandt and Austin partner Bill Finnegan, with Austin associates Pia Kaur and Katherine Medler, and Houston associates Anthony Tan and Anji Yuan. Advice was also provided on tax matters by Houston partners Tim Fenn and Bryant Lee, with Houston associate Marianne Standley; and on environmental matters by Los Angeles counsel Josh Marnitz.