Secondary Offering

Secondary Offering


Baird served as a joint bookrunner on this offering.


Summit Midstream Partners, LP (“Summit Midstream Partners” or the “Partnership”) (NYSE: SMLP) recently completed a secondary offering of 4,347,826 common units at a price of $53.88 per unit, generating gross proceeds of approximately $234.3 million. All of the common units were sold by Summit Midstream Partners Holdings, LLC. The Partnership will not receive any proceeds from the offering.

Summit Midstream Partners is a growth-oriented limited partnership focused on developing, owning and operating midstream energy infrastructure assets that are strategically located in the core producing areas of unconventional resource basins, primarily shale formations, in North America. The Partnership currently provides natural gas gathering, treating and processing services pursuant to long-term, primarily fee-based natural gas gathering and processing agreements with its customers and counterparties in four unconventional resource basins: (i) the Appalachian Basin, which includes the Marcellus Shale formation in northern West Virginia; (ii) the Williston Basin, which includes the Bakken and Three Forks shale formations in northwestern North Dakota; (iii) the Fort Worth Basin, which includes the Barnett Shale formation in north-central Texas; and (iv) the Piceance Basin, which includes the Mesaverde formation as well as the Mancos and Niobrara shale formations in western Colorado and eastern Utah. Summit Midstream Partners owns and operates more than 2,300 of pipeline and approximately 240,000 horsepower of compression. The Partnership is headquartered in Dallas, Texas.

For additional information about this transaction, please contact:

Frank Murphy +1 (314) 445-6532
Curtis Goot +1 (314) 445-6540
Gary Placek +1 (414) 765-3611
Secondary Offering
September 2014
Summit Midstream Partners, LP
Target Geography
North America