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Latham & Watkins Advises Hess Midstream in Secondary Public Offering

February 6, 2024
Texas-based team advises midstream company in the offering.

Hess Midstream LP (NYSE: HESM) (HESM) has announced the pricing of an underwritten public offering of an aggregate 10,000,000 Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners (the Selling Shareholder), at a public offering price of US$33.10 per Class A share. The Selling Shareholder has granted the underwriter a 30-day option to purchase up to 1,500,000 additional Class A shares at the public offering price less underwriting discounts and commissions.

Latham & Watkins represents Hess Midstream and the Selling Shareholder in the transaction with a corporate team led by Texas partners David Miller, Samuel Rettew, and Thomas Brandt, with associates Celia Mishra, Cooper Shear, and Jeff Serfass. Advice was also provided on tax matters by Houston partners Tim Fenn and Bryant Lee, with associate Dylan White; and on environmental matters by Houston/Los Angeles partner Joshua Marnitz and associate Jacqueline Zhang.