GIP Amends Hess Midstream LP Stake Filing

TL;DR

GIP updated their Hess Midstream LP filing on 6/3. Ownership details TBD.

AI Summary

Global Infrastructure Management LLC, through its affiliates GIP II Blue Holding, L.P. and others, has amended its Schedule 13D filing regarding Hess Midstream LP. The filing, dated June 3, 2024, indicates a change in beneficial ownership. The specific details of the change, such as the number of shares or percentage of ownership, are not explicitly stated in this excerpt but are part of the amendment.

Why It Matters

This amendment signals a potential shift in the ownership structure or investment strategy of a significant holder in Hess Midstream LP, which could influence the company's future direction.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in significant beneficial ownership, which can lead to market speculation and price volatility.

Key Players & Entities

• Global Infrastructure Management LLC (company) — Filing entity and manager
• GIP II Blue Holding, L.P. (company) — Affiliate of filing entity
• Hess Midstream LP (company) — Subject company
• Julie Ashworth (person) — Contact person at Global Infrastructure Management LLC

FAQ

Key Financial Figures

• $34.025 — additional 1,500,000 Class A Shares at $34.025 per share (the May 2024 Secondary Offer

Filing Documents

• d836760dsc13da.htm (SC 13D/A) — 81KB
• 0001193125-24-153068.txt ( ) — 83KB

of the Statement is hereby amended and supplemented as follows

Item 4 of the Statement is hereby amended and supplemented as follows: May 2024 Secondary Offering Option Exercise On June 3, 2024, the Underwriter purchased an additional 1,500,000 Class A Shares at $34.025 per share (the May 2024 Secondary Offering Option Exercise) pursuant to the option granted by Blue Holding under the terms of the May 2024 Underwriting Agreement. As a result, Blue Holding redeemed 1,500,000 OpCo Class B Units for a corresponding number of Class A Shares. Item5. Interest in Securities of the Issuer.

of the Statement is hereby amended and restated in its entirety as follows

Item 5 of the Statement is hereby amended and restated in its entirety as follows: (a) (b) The following sets forth the aggregate number of Class A Shares and percentage of Class A Shares outstanding beneficially owned by each of the Reporting Persons, as well as the number of Class A Shares as to which each Reporting Person has the sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition of, or shared power to dispose or to direct the disposition of, as of the date hereof, based on 91,421,383 Class A Shares outstanding following the consummation of the May 2024 Secondary Offering Option Exercise: Reporting Person Amount beneficially owned Percent of class Sole power to vote or to direct the vote Shared power to vote or to direct the vote Sole power to dispose or to direct the disposition Shared power to dispose or to direct the disposition GIP II Blue Holding, L.P. 48,950,600 35.1 % 0 48,950,600 0 48,950,600 GIP Blue Holding GP, LLC 48,950,600 35.1 % 0 48,950,600 0 48,950,600 Global Infrastructure GP II, L.P. 48,950,600 35.1 % 0 48,950,600 0 48,950,600 Global Infrastructure Investors II, LLC 48,950,600 35.1 % 0 48,950,600 0 48,950,600 New HESM GP LP is the record holder of 898,000 Class A Shares. HIP GP LLC is the sole member of New HESM GP LLC, which is the general partner of New HESM GP LP. HIP GP LLC is a 50/50 joint venture between Hess Investments and Blue Holding. As such, each of the foregoing entities may be deemed to beneficially own the securities held of record by New HESM GP LP. In addition, Blue Holding is the record holder of 48,052,600 Opco Class B Units, which may be redeemed for Class A Shares on a one-for-one basis at the option of the holder. Blue Holding GP is the general partner of Blue Holding and Blue Holding Partnership. Global GP is the sole member of Blue Holding GP. Global Inves

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: June 3, 2024 GIP II BLUE HOLDING, L.P. By: GIP Blue Holding GP, LLC, its general partner By: /s/ William Brilliant Name: William Brilliant Title: Manager GIP BLUE HOLDING GP, LLC By: /s/ William Brilliant Name: William Brilliant Title: Manager GLOBAL INFRASTRUCTURE GP II, L.P. By: Global Infrastructure Investors II, LLC, its general partner By: /s/ Gregg Myers Name: Gregg Myers Title: Chief Financial Officer GLOBAL INFRASTRUCTURE INVESTORS II, LLC By: /s/ Gregg Myers Name: Gregg Myers Title: Chief Financial Officer

View Full Filing

View this SC 13D/A filing on SEC EDGAR