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Summit Midstream (SMLP) just unveiled an update.
Summit Midstream Partners, LP has launched a tender offer for all outstanding 8.500% Senior Secured Second Lien Notes due 2026 through its subsidiaries. Concurrently, they have issued a conditional redemption notice for the redemption of all 5.75% Senior Notes due 2025, planned for August 16, 2024, if conditions are met. Additionally, Summit Midstream Holdings, LLC intends to privately offer $500 million of new senior secured second lien notes due 2029, targeting eligible purchasers.
See more data about SMLP stock on TipRanks’ Stock Analysis page.
