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Prospect News home > News index > List of issuers H > Headlines for Harvest Midstream I LP > News item
Published on 4/29/2024 in the Prospect News High Yield Daily.

Harvest Midstream to price $500 million eight-year notes on Monday; early guidance 7¾%

By Abigail W. Adams

Portland, Me., April 29 – Harvest Midstream I, LP plans to price $500 million of eight-year senior notes (B1/BB-) in a Monday drive-by with early guidance for a yield in the 7¾% area, according to a market source.

The notes are non-callable for three-years.

Wells Fargo Securities LLC is leading the Rule 144A and Regulation S offering.

Proceeds will be used to repay a portion of the company’s term loan A due 2026 and its revolving credit facility.

Harvest Midstream is a Houston-based energy midstream services provider.


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