Hess Midstream LP Announces Secondary Public Offering of Class A Shares
February 10 2025 - 3:31PM
Business Wire
Hess Midstream LP (NYSE: HESM) (“HESM”) today announced the
commencement of an underwritten public offering of an aggregate of
10,000,000 Class A shares representing limited partner interests in
HESM by an affiliate of Global Infrastructure Partners, a part of
BlackRock (the “Selling Shareholder”). The Selling Shareholder
intends to grant the underwriters a 30-day option to purchase up to
1,500,000 additional Class A shares. HESM will not receive any
proceeds from the sale of Class A shares in the offering.
Goldman Sachs & Co. LLC is acting as the bookrunning manager
of the offering.
The offering of these securities is being made only by means of
the prospectus supplement and accompanying base prospectus as filed
with the Securities and Exchange Commission (the “SEC”). Copies of
the preliminary prospectus supplement and accompanying base
prospectus relating to the offering may be obtained free of charge
on the SEC’s website at www.sec.gov under HESM’s name or from
Goldman Sachs & Co. LLC as follows:
Goldman Sachs & Co. LLC Attn: Prospectus Department 200 West
Street New York, New York 10282 Telephone: 1-866-471-2526
Facsimile: 1-212-902-9316 Email: prospectus-ny@ny.email.gs.com
The Class A shares are being offered and will be sold pursuant
to an effective shelf registration statement that was previously
filed with the SEC. This press release shall not constitute an
offer to sell or a solicitation of an offer to buy the securities
described above, nor shall there be any sale of these securities in
any state or jurisdiction in which such an offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction. The offering
is being made only by means of a prospectus and related prospectus
supplement meeting the requirements of Section 10 of the Securities
Act of 1933, as amended.
About Hess Midstream LP
HESM is a fee-based, growth-oriented midstream company that
owns, operates, develops and acquires a diverse set of midstream
assets to provide services to Hess Corporation and third-party
customers. HESM owns oil, gas and produced water handling assets
that are primarily located in the Bakken and Three Forks Shale
plays in the Williston Basin area of North Dakota.
Forward Looking Statements
This press release contains “forward-looking statements” within
the meaning of U.S. federal securities laws. Words such as
“anticipate,” “estimate,” “expect,” “forecast,” “guidance,”
“could,” “may,” “should,” “would,” “believe,” “intend,” “project,”
“plan,” “predict,” “will,” “target” and similar expressions
identify forward-looking statements, which are not historical in
nature. Forward-looking statements are subject to certain known and
unknown risks and uncertainties that could cause actual results to
differ materially from our historical experience and our current
projections or expectations of future results expressed or implied
by these forward-looking statements. You should keep in mind the
risk factors and other cautionary statements in the filings made by
HESM with the SEC, which are available to the public. HESM
undertakes no obligation to, and does not intend to, update these
forward-looking statements to reflect events or circumstances
occurring after this press release. You are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20250210424008/en/
Investor Contact: Jennifer Gordon (212)
536-8244
Media Contact: Lorrie Hecker (212)
536-8250
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