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Summit Midstream (SMLP) has provided an update.
Summit Midstream Partners, LP has announced a cash tender offer by its subsidiaries to buy back $215 million of their 8.5% Senior Secured Second Lien Notes due 2026. The offer, priced at the full principal amount plus accrued interest, is set to close on June 5, 2024, unless altered or prematurely terminated. This move could be of interest to investors monitoring company debt strategies and the impacts on stock valuation.
Learn more about SMLP stock on TipRanks’ Stock Analysis page.