Summit accepts $13.63 million notes under excess cash flow offer

By Marisa Wong

Los Angeles, April 25 – Summit Midstream Partners, LP announced the expiration and results of the March 27 excess cash flow offer conducted by subsidiaries Summit Midstream Holdings, LLC and Summit Midstream Finance Corp.

The issuers offered to purchase up to $19,331,000 of their 8½% senior secured second-lien notes due 2026 at par plus interest using excess cash flow.

As of the expiration of the excess cash flow offer at 5 p.m. ET on April 24, holders had tendered $13,626,000, or about 1.74%, of the notes, according to a Thursday press release.

The issuers have accepted for payment all of the tendered notes. Payment will be made on April 26.

D.F. King & Co., Inc. (800 347-4826, 212 269-5550 or smlp@dfking.com) is the tender agent and information agent.

Based in Houston, Summit is an owner and operator of midstream energy infrastructure.

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