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Oasis Midstream Partners LP Announces Pricing of $450 Million Inaugural Senior Notes Offering
HOUSTON, March 26, 2021 /PRNewswire/ -- Oasis Midstream Partners LP (Nasdaq: OMP) (the "Partnership" or "OMP") announced today the pricing of its private
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[{"type":"text","content":"HOUSTON, March 26, 2021 /PRNewswire/ -- Oasis Midstream Partners LP (Nasdaq: OMP) (the \"Partnership\" or \"OMP\") announced today the pricing of its private placement to eligible purchasers of $450 million in aggregate principal amount of 8.00% senior unsecured notes due 2029. The notes were priced at par. The offering is expected to close on March 30, 2021, subject to customary closing conditions.\nThe Partnership intends to use the net proceeds from this offering to make a distribution to Oasis Midstream Services LLC, a wholly-owned subsidiary of Oasis Petroleum Inc., in connection with the previously announced simplification transaction with Oasis Petroleum Inc., in the amount of approximately $231.5 million and to repay approximately $205.5 million of outstanding borrowings under OMP's revolving credit facility. \nThe notes to be offered have not been registered under the Securities Act of 1933, as amended, (the \"Securities Act\"), or any state securities laws; and unless so registered, the securities may not be offered or sold in the United States absent an applicable exemption from, or a transaction not subject to, registration requirements of the Securities Act and applicable state securities laws. The notes are being offered and sold only to qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act and outside the United States in compliance with Regulation S under the Securities Act.\nThis press release is being issued pursuant to Rule 135c under the Securities Act, and is neither an offer to sell nor a solicitation of an offer to buy the notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.\nContact: Oasis Midstream Partners LP Taylor Reid, Director and Chief Executive Officer Richard N. Robuck, SVP and Chief Financial Officer Bob Bakanauskas, Director of Investor Relations (281) 404-9600\nForward-Looking Statements\nThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities,...