Simpson Thacher represented the initial purchasers in connection with the 144A/Regulation S offering of $1 billion aggregate principal amount of 6.750% Senior Notes due 2034 by Harvest Midstream I, L.P (“Harvest”). Harvest intends to use the net proceeds from the offering to fund the redemption of its existing 7.500% Senior Notes due 2028 and to repay a portion of the amounts outstanding under its revolving credit facility.
Harvest is a privately held midstream company services provider with headquarters based in Houston, Texas with assets in Alaska, Louisiana, New Mexico, Ohio, Pennsylvania and Texas. Harvest transports and processes oil, natural gas and natural gas liquids across the United States.
The Simpson Thacher team includes Brian Rosenzweig, Margaret Selbe, Andrew Scattergood, Lidia Donaldson and Walker Montjoy (Capital Markets); Jon Cantor and Tova Pfeffer (Tax); Kate Mirino (Intellectual Property); Pasco Struhs (Executive Compensation and Employee Benefits); and Jennie Getsin (Blue Sky).