THE WOODLANDS, Texas, Sept. 6, 2016 /PRNewswire/ — Summit Midstream Partners, LP (NYSE: SMLP) today announced the pricing of its underwritten public offering of 5,500,000 common units representing limited partner interests in SMLP at a public offering price of $23.20 per common unit. The underwriter has been granted a 30-day option to purchase up to an additional 825,000 common units, less the underwriting discount. The offering is scheduled to close on September 9, 2016, subject to customary closing conditions.
SMLP intends to use the net proceeds from this offering to repay borrowings under its revolving credit facility.
Goldman, Sachs & Co. is acting as underwriter 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 underwriter of the offering as follows:
Goldman, Sachs & Co.
Attention: Prospectus Department
200 West Street
New York, NY 10282
The common units 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 meeting the requirements of Section 10 of the Securities Act of 1933, as amended.