Summit Midstream to redeem 5½% notes due 2022 on Nov. 12

By Wendy Van Sickle

Columbus, Ohio, Nov. 2 – Summit Midstream Partners, LP will redeem all of its $234,047,000 5½% senior notes due 2022 at par plus interest on Nov. 12, according to a news release.

As previously reported, the company will use some proceeds of a $700 million issue of 8½% senior secured second-lien notes due 2026 to fund the redemption. Some proceeds of the notes were also used to repay in full all of a revolving credit facility dated May 26, 2017. That credit facility was terminated.

Based in The Woodlands, Tex., Summit is an owner and operator of midstream energy infrastructure.

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