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$600 million aggregate principal amount of 6.500% senior unsecured notes due 2029 (the Notes) at par in a private offering. The aggregate principal amount of the offering was increased from the previously announced offering size of US$500 million. Hess Midstream intends to use the net proceeds from the offering to reduce indebtedness outstanding under its revolving credit facility and any remaining net proceeds for general corporate purposes. The offering of the Notes is expected to close on May 16, 2024, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represents Hess Midstream in the transaction with a corporate team led by Texas partners David Miller, Samuel Rettew, and Thomas Brandt, with associates Celia Mishra, Cooper Shear, and Jeff Serfass. Advice was also provided on tax matters by Houston partners Tim Fenn and Bryant Lee, with associate Dylan White; and on environmental matters by Houston partner Joshua Marnitz and associate Jacqueline Zhang.