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Published on 11/13/2017 in the Prospect News High Yield Daily.

Hess Infrastructure marketing $800 million 8.25-year senior notes; pricing expected Friday

By Paul A. Harris

Portland, Ore., Nov. 13 – Hess Infrastructure Partners LP plans to price $800 million of 8.25-year senior notes on Friday, according to a market source.

J.P. Morgan Securities LLC, Wells Fargo Securities LLC, Morgan Stanley & Co. LLC and MUFG are the managers.

The notes come with 3.25 years of call protection.

Proceeds will be used to repay debt and fund a distribution to shareholders.

The prospective issuer is a provider of midstream crude oil and natural gas infrastructure, a division of New York-based Hess Corp.


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