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Hess Midstream LP prices upsized secondary offering of 11M Class A shares

Hess Midstream (NYSE:HESM) announced the pricing and upsize of the previously announced secondary public offering of 11 million shares of its Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners. The offering was upsized from the previously announced offering of 10 million Class A shares. The selling shareholder has granted the underwriter a 30-day option to purchase up to 1.65 million additional Class A shares. HESM will not receive any proceeds from the sale of Class A shares in the offering. The offering is expected to close on September 20, 2024. The stock price is down 2.71% on Thursday during premarket.

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