Latham & Watkins Advises Hess Midstream in Private Offering of Senior Notes

Hess Midstream Operations LP (the Issuer), a consolidated subsidiary of Hess Midstream LP (NYSE: HESM) (HESM and, together with the Issuer, Hess Midstream), announced that it has priced US$800 million aggregate principal amount of 5.875% senior unsecured notes due 2028 (the Notes) at par in a private offering. Hess Midstream intends to use the net proceeds from the offering, along with borrowings under its revolving credit facility, to redeem its outstanding 5.625% senior notes due 2026. Hess Midstream delivered a notice of redemption in respect of its 5.625% senior notes due 2026 on February 3, 2025. The private offering of the Notes is expected to close on February 12, 2025, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP advised Hess on the transactions with a corporate deal team led by Austin partners Dave Miller and Sam Rettew and Houston partner Thomas Brandt, with associates Sydney Verner, Cooper Shear, and Samantha Cioppa. Advice was also provided on environmental matters by Los Angeles/Houston partner Josh Marnitz, with associate Jacqueline Zhang; and on tax matters by Houston partner Tim Fenn and Bryant Lee, with associate Dylan White.