DALLAS, July 8, 2014 /PRNewswire/ -- Summit
Midstream Partners, LP (NYSE: SMLP) announced today that its wholly
owned subsidiary Summit Midstream Holdings, LLC ("Summit
Holdings"), and Summit Holdings' wholly owned subsidiary Summit
Midstream Finance Corp. ("Finance Corp." and together with Summit
Holdings, the "Issuers"), intend to offer, subject to market and
other conditions, $300 million in
aggregate principal amount of senior unsecured notes due 2022 (the
"notes"), pursuant to an effective shelf registration statement on
Form S-3 previously filed with the Securities and Exchange
Commission.
Summit Holdings will use the net proceeds from this offering to
repay a portion of the outstanding borrowings under its revolving
credit facility.
Deutsche Bank Securities, RBC Capital Markets, RBS and Wells
Fargo Securities are acting as joint book-running managers for the
offering. BBVA, BMO Capital Markets, BofA Merrill Lynch, ING,
Regions Securities LLC and SunTrust Robinson Humphrey are acting as
senior co-managers for the offering. Capital One Securities, Credit
Agricole CIB, PNC Capital Markets LLC and SMBC Nikko are acting as
co-managers for the offering.
When available, copies of the prospectus supplement and
accompanying base prospectus relating to the offering may be
obtained free of charge on the Securities and Exchange Commission's
website at www.sec.gov or from the underwriters of the offering as
follows:
Deutsche Bank
Securities Inc.
Attn: Prospectus
Group
60 Wall
Street
New York, NY
10005-2836
(800)
503-4611
prospectus.cpdg@db.com
|
RBC Capital Markets,
LLC
Three World Financial
Center
200 Vesey Street,
10th Floor
New York, New York
10281-8098
(877)
822-4089
|
RBS Securities
Inc.
Attn: High Yield Debt
Capital Markets Syndicate
600 Washington
Boulevard
Stamford, Connecticut
06901
(866)
884-2071
|
Wells Fargo
Securities, LLC
Attn: Capital Markets
Client Support
1525 West W.T. Harris
Blvd.
Charlotte, North
Carolina 28262
Phone: (800)
326-5897
cmclientsupport@wellsfargo.com
|
The notes are being offered and will be sold pursuant to an
effective shelf registration statement that was previously filed
with the Securities and Exchange Commission. 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 may be made only by means of a
prospectus and related prospectus supplement.
About Summit Midstream Partners, LP
SMLP is a growth-oriented limited partnership focused on
developing, owning and operating midstream energy infrastructure
assets that are strategically located in the core producing areas
of unconventional resource basins, primarily shale formations, in
North America. SMLP currently provides natural gas gathering,
treating and processing services pursuant to long-term, primarily
fee-based natural gas gathering and processing agreements with our
customers and counterparties in four unconventional resource
basins: (i) the Appalachian Basin, which includes the Marcellus
Shale formation in northern West
Virginia; (ii) the Williston Basin, which includes the Bakken and
Three Forks shale formations in northwestern North Dakota; (iii) the Fort Worth Basin, which includes the Barnett
Shale formation in north-central Texas; and (iv) the Piceance Basin, which
includes the Mesaverde formation as well as the Mancos and Niobrara shale formations in
western Colorado and eastern
Utah. SMLP owns and operates 2,294 miles of pipeline and
239,800 horsepower of compression. SMLP is headquartered in
Dallas, TX with regional corporate
offices in Houston, TX,
Denver, CO and Atlanta, GA.
Forward-Looking Statements
This press release includes certain statements concerning
expectations for the future that are forward-looking within the
meaning of the federal securities laws. Forward-looking statements
contain known and unknown risks and uncertainties (many of which
are difficult to predict and beyond management's control) that may
cause SMLP's actual results in future periods to differ materially
from anticipated or projected results. An extensive list of
specific material risks and uncertainties affecting SMLP is
contained in its 2013 Annual Report on Form 10-K as updated by our
Current Report on Form 8-K filed with the Securities and Exchange
Commission on July 3, 2014 and as
amended and updated from time to time. Any forward-looking
statements in this press release are made as of the date of this
press release and SMLP undertakes no obligation to update or revise
any forward-looking statements to reflect new information or
events.
Logo -
http://photos.prnewswire.com/prnh/20120927/MM82470LOGO
SOURCE Summit Midstream Partners, LP