Summit Midstream Partners LP - Unit

NYSE:SMLP  
25.75
+1.88 (+7.88%)
Debt Financing / Related

Summit Midstream Partners Announces Transaction Support Agreement With Ad Hoc Group To SMP Holdings' Term Loan & Plan For Settlement Of DPPO

Published: 09/29/2020 22:49 GMT
(SMLP) - Summit Midstream Partners, Lp Announces Transaction Support Agreement With Ad Hoc Group to Smp Holdings' Term Loan and Plan for Settlement of Dppo.
Summit Midstream Partners - Ad Hoc Group Agreed to a Consensual Term Loan Restructuring Deal Which is Anticipated to Close in Q4 2020.
Summit Midstream Partners - Ad Hoc Group to Vote in Favor of Tl Restructuring, That Will Be Implemented Through Out-of-court Strict Foreclosure Process.
Summit Midstream - Smlp to Engage With Additional Term Loan Lenders Over Coming Weeks.
Summit Midstream - Smlp Expects to Secure Full Support From Term Loan Lenders to Close Tl Restructuring.
Summit Midstream - Tl Restructuring to Occur With Execution of Definitive Documentation to Fully Settle $180.75 Million Dppo That Smlp Owes to Smp Holdings.