April 06, 2022
Hess Midstream LP (NYSE: HESM) (HESM) has announced the upsizing and pricing of an underwritten public offering of an aggregate 8,900,000 Class A shares representing limited partner interests in HESM by a subsidiary of Hess Corporation and an affiliate of Global Infrastructure Partners (the “Selling Shareholders”), at a public offering price of US$29.50 per Class A share. The offering was upsized from the previously announced 7,900,000 Class A shares. The Selling Shareholders have granted the underwriters a 30-day option to purchase up to 1,335,000 additional Class A shares at the public offering price less underwriting discounts and commissions.
Latham & Watkins LLP represents Hess Midstream LP in its offering with a corporate deal team led by Houston partner Thomas Brandt and Austin partners Bill Finnegan and David Miller, 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.