Summit Midstream Partners, Lp Announces Series A Preferred Unit Exchange Offer
12/14/21, 4:05 PM
Location
houstonIndustry
natural resources
sustainability
Round Type
series a
Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has commenced an offer to exchange (the "Exchange Offer") any and all of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Liquidation Preference $1,000) (the "Series A Preferred Units") tendered in the Exchange Offer for newly issued common units representing limited partner interests in the Partnership (the "Common Units"). For each Series A Preferred Unit that is accepted in the Exchange Offer, the holder will receive 38 Common Units.
Company Info
Location
houston, texas, united states
Additional Info
Headquartered in Houston, Texas, Summit Midstream Partners, LP (NYSE: SMLP) is a value-driven master limited partnership focused on developing, owning and operating midstream energy infrastructure assets that are strategically located in unconventional resource basins, primarily shale formations, in the continental United States.