On August 25, 2020, Summit Midstream Partners, LP announced that its subsidiaries, Summit Midstream Holdings, LLC and Summit Midstream Finance Corp. (the “Purchasers”), commenced cash tender offers (the “Tender Offers”) to purchase a portion of their outstanding 5.75% Senior Notes due 2025 (the “2025 Notes”) and 5.50% Senior Notes due 2022 (the “2022 Notes”) in separate modified “Dutch Auctions.”

The maximum amount of 2025 Notes that will be purchased in the Tender Offers will be a principal amount of 2025 Notes that could be purchased with a purchase price of up to $60,000,000, and the maximum amount of 2022 Notes that will be purchased in the Tender Offers will be a principal amount of 2022 Notes that could be purchased with a purchase price of up to $60,000,000 less the aggregate purchase price of 2025 Notes purchased.

The Tender Offers are scheduled to expire on September 24, 2020.

The dealer manager for the Tender Offers is Guggenheim Securities, LLC.

Baker Botts is representing the Purchasers in the Tender Offers.

Baker Botts Lawyers/Offices Involved:

Corporate: Joshua Davidson (Partner, Houston); Jason Rocha (Partner, Houston); Sarah J. Dodson (Senior Associate, Houston); Emmie Proctor (Associate, Houston); Rachel Collier (Associate, Houston)

Finance: Daniel L. Tristan (Partner, Houston); Clint Culpepper (Senior Associate, Austin)

Tax: Chuck Campbell (Special Counsel, Houston)

For more information, please see SMLP’s news release by clicking here.

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