Latham & Watkins Advises Hess Midstream LP in its US$400 Million Sponsor Unit Repurchase

A Texas-based team advises the midstream company in the transaction.

April 06, 2022

Hess Midstream LP (NYSE: HESM) (Hess Midstream) has announced the execution of a definitive agreement providing for the repurchase of US$400 million in Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, Hess Midstream’s sponsors. The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream’s general partner, based on the unanimous approval and recommendation of its conflicts committee composed solely of independent directors

Latham & Watkins LLP represents Hess Midstream LP in the transaction with a deal team led by Houston partner Thomas Brandt and Austin partner Bill Finnegan, with Houston associates Denny Lee, Anthony Tan, Morgen Seim, and Brian Bruzzo.

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