Hess Midstream Partners LP’s $550 Million High?Yield Senior Notes Offering


Cravath represented the initial purchasers, led by J.P. Morgan Securities, Citigroup, Wells Fargo Securities, MUFG, Goldman Sachs & Co. LLC and Morgan Stanley, in connection with the $550 million 144A/Reg. S high?yield senior notes offering of Hess Midstream Partners LP.

Hess Midstream Partners LP issued $550,000,000 in aggregate principal amount of its 5.125% senior notes due 2028. The transaction closed on December 10, 2019.

The initial purchasers were J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Wells Fargo Securities, LLC, MUFG Securities Americas Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, BMO Capital Markets Corp., BNP Paribas Securities Corp., DNB Markets, Inc., Mizuho Securities USA LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., TD Securities (USA) LLC, Loop Capital Markets LLC, Barclays Capital Inc., BB&T Capital Markets, a division of BB&T Securities, LLC, BBVA Securities Inc., Credit Agricole Securities (USA) Inc. and U.S. Bancorp Investments, Inc.

Hess Midstream Partners LP is a fee-based, growth-oriented, traditional master limited partnership formed by Hess Corporation to own, operate, develop and acquire a diverse set of midstream assets and provide fee-based services to Hess and third-party customers.

The Cravath team included partner D. Scott Bennett (Picture) and associates Yannick Adler, Joel Feigenbaum and Cedrick M. Dalluge on securities matters, and associate Rory M. Minnis on tax matters.

Involved fees earner: Yannick Adler – Cravath Swaine & Moore; Scott Bennett – Cravath Swaine & Moore; Cedrick Dalluge – Cravath Swaine & Moore; Joel Feigenbaum – Cravath Swaine & Moore; Rory Minnis – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Barclays Capital ; BB&T Capital Markets; BBVA Securities Inc.; BMO Capital Markets; BNP Paribas Securities; Citigroup Global Markets Ltd; Credit Agricole Securities (USA) Inc.; DNB Markets; Goldman Sachs & Co.; J.P. Morgan Securities LLC; Loop Capital Markets; Mizuho Securities; Morgan Stanley; MUFG Securities Americas Inc. ; Scotia Capital Inc.; SMBC Nikko Securities America; TD Securities; U.S. Bancorp Investments; Wells Fargo Securities;

Author: Ambrogio Visconti