Text Size:
A | A

Summit Midstream Partners Opens Public Offering

Text Size: A | A
March 12, 2014

Summit Midstream Partners LP (NYSE: SMLP) opened a public offering of 8 million common units, representing limited partner interests, the company said March 11.

Out of this amount, 5,300,000 units were offered by Summit Midstream Partners Holdings LLC, the company noted.

A monthlong option for underwriters to purchase up to 1,200,000 additional units was granted by Summit Midstream Partners Holdings, the company said.

Net proceeds will fund part of the purchase price for a pending acquisition of Red Rock Gathering Co. LLC’s membership interests, the company said, noting that no ...

Already a subscriber? Log In
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription