Baker Botts Represents Summit Midstream Partners, LP in $300 Million Preferred Offering
The Partnership received net proceeds from the offering of approximately $293 million (after deducting underwriting discounts and estimated offering expenses), and intends to use all of the net proceeds to repay outstanding borrowings under its revolving credit facility.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC are acting as the joint book-running managers of this offering, and Merrill Lynch, Pierce, Fenner & Smith Incorporated is acting as representative of each of the underwriters.
Baker Botts Lawyers/Office Involved:
- Corporate: Josh Davidson (Partner; Houston); Jason Rocha (Partner; Houston); Sarah Dodson (Associate; Houston); Jennifer Gasser (Associate; Houston)
- Tax: Michael Bresson (Partner; Houston); T. Chuck Campbell (Special Counsel; Houston)
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