Hess Midstream Announces Share Buyback Program Worth $60M
Benzinga Newsdesk 8 months ago
NewsBuybacks
Hess Midstream announced an accretive $60 million repurchase that included both Class B units of its subsidiary, Hess Midstream Operations LP, from an affiliate of Chevron, Hess Midstream's sponsor (the "Sponsor"), and
Hess Midstream announced an accretive $60 million repurchase that included both Class B units of its subsidiary, Hess Midstream Operations LP, from an affiliate of Chevron, Hess Midstream's sponsor (the "Sponsor"), and Hess Midstream's Class A shares from the public.
Hess Midstream announced the execution of a definitive agreement providing for the repurchase of approximately $18 million of Class B units by its subsidiary, Hess Midstream Operations LP, from the Sponsor.
Hess Midstream also announced that it has entered into an accelerated share repurchase agreement with JPMorgan Chase Bank to repurchase $42 million of Hess Midstream's publicly traded Class A shares.