Initial Public Offering

Energy
Initial Public Offering

Summary

Baird served as a co-manager in this offering

About

Summit Midstream Partners, LP (NYSE: SMLP) (the “Partnership”) recently completed an initial public offering of 14,375,000 common units at a price of $20.00 per unit, generating gross proceeds of $287.5 million. The Partnership intends to use the net proceeds from this offering to repay debt outstanding under its amended and restated revolving credit facility and to make a cash distribution to Summit Midstream Partners, LLC, which owns SMLP’s general partner. Summit Midstream Partners, LLC is owned and controlled by Energy Capital Partners and GE Energy Financial Services.

SMLP is a growth-oriented limited partnership focused on owning and operating midstream energy infrastructure that is strategically located in the core producing areas of unconventional resource basins, primarily shale formations, in North America. The Partnership currently provides fee-based natural gas gathering and compression services in two unconventional resource basins: (i) the Piceance Basin, which includes the Mesaverde, Mancos and Niobrara Shale formations in western Colorado; and (ii) the Fort Worth Basin, which includes the Barnett Shale formation in north-central Texas.

For additional information about this transaction, please contact:

Frank Murphy (314) 445-6532
Curtis Goot (314) 445-6540
Jim Penilla (314) 445-6536
Gary Placek (414) 765-3611
Energy
Initial Public Offering
Date
September 2012
Company
Summit Midstream Partners, LP
Transaction
M&A
Sectors
Energy
Target Location
North America

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