HOUSTON – Troutman Pepper Locke advised Summit Midstream Corporation (SMC), a value-driven corporation focused on developing, owning, and operating midstream energy infrastructure assets, and its subsidiary, Summit Midstream Partners, LP, in entering into a securities purchase agreement with an affiliate of Tailwater Capital LLC for a private placement of 1,351,351 shares of SMC’s common stock, at a price of $31.08 per share. For more information, see the press release.
The investment strengthens SMC’s balance sheet and provides capital to fund the company’s strategic growth initiatives and general corporate purposes.
The team that represented SMC in the transaction was led by Jon Daly, Bill Swanstrom, Jennie Simmons, Gene McDermott, Cody Mathis, Sam Baker, Monika Gindy, Eric Larson, George Ticknor, and Tammi Niven.
Consistently recognized as a top-tier practice, Troutman Pepper Locke’s corporate attorneys regularly handle strategic deals for Fortune 100 corporations and middle market transactions for private equity clients. Core areas of service include mergers and acquisitions, corporate finance, corporate governance, securities laws compliance, capital markets transactions, and other significant domestic and cross-border transactions, as well as general corporate counseling.
Troutman Pepper Locke’s market-leading energy practices help clients with their most important and complex matters throughout the U.S. and beyond. From electric power, oil and gas, or emerging technologies, the cross-discipline team is equipped to handle any related matters, drawing on the depth of the firm’s knowledge in the market. Troutman Pepper Locke regularly advises electric utilities, independent power producers, banks, upstream and midstream natural gas companies and service companies, private equity funds, and other large corporations. Learn more at energylawinsights.com.
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