Summit Midstream Corp. Enters Material Definitive Agreement

Ticker: SMC · Form: 8-K · Filed: Dec 6, 2024

Sentiment: neutral

Topics: material-definitive-agreement, natural-gas-transmission

TL;DR

Summit Midstream Corp. just signed a big deal, filing it with the SEC today.

AI Summary

On December 4, 2024, Summit Midstream Corp. entered into a material definitive agreement. The filing, designated as a Current Report on Form 8-K, was submitted to the SEC on December 6, 2024, and pertains to the natural gas transmission industry.

Why It Matters

This filing indicates a significant new contract or partnership for Summit Midstream Corp., which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.

Key Numbers

Key Players & Entities

FAQ

What type of material definitive agreement did Summit Midstream Corp. enter into?

The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on December 4, 2024.

What is the primary business of Summit Midstream Corp. according to the filing?

Summit Midstream Corp. is in the NATURAL GAS TRANSMISSION industry, as indicated by its Standard Industrial Classification code [4922].

When was this 8-K filing submitted to the SEC?

This 8-K filing was submitted to the SEC on December 6, 2024.

Where is Summit Midstream Corp.'s principal executive office located?

Summit Midstream Corp.'s principal executive office is located at 910 Louisiana Street, Suite 4200, Houston, TX 77002.

What is the SEC file number for Summit Midstream Corp.?

The SEC file number for Summit Midstream Corp. is 001-42201.

Filing Stats: 1,231 words · 5 min read · ~4 pages · Grade level 16.3 · Accepted 2024-12-06 16:30:44

Key Financial Figures

Filing Documents

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Second Supplemental Indenture On December 4, 2024, subsequent to completion of the Transaction, Summit Midstream Holdings, LLC, a Delaware limited liability company (the "Issuer"), Tall Oak, Tall Oak Woodford, LLC, a Delaware limited liability company and a direct, wholly-owned subsidiary of Tall Oak ("Woodford"), VM ARKOMA Stack, LLC, a Delaware limited liability company and a direct, wholly-owned subsidiary of Tall Oak ("Arkoma"), BCZ Land Holdings, LLC, a Delaware limited liability company and a direct, wholly-owned subsidiary of Arkoma ("BCZ" and, together with Tall Oak, Woodford and Arkoma, the "Guarantors"), and Regions Bank, as trustee (in such capacity, the "Trustee") and collateral agent (in such capacity, the "Collateral Agent"), entered into (a) that certain supplemental indenture (the "Second Supplemental Indenture") to the Indenture, dated as of July 26, 2024, among the Issuer, the guarantors party thereto, the Trustee and the Collateral Agent, pursuant to which each of the Guarantors provided a guarantee of the $575,000,000 in aggregate principal amount of the Issuer's 8.625% Senior Secured Second Lien Notes due 2029 and (b) that certain Supplement No. 2 (the "Collateral Agreement Supplement") to the Collateral Agreement, dated as of July 26, 2024 (as amended, restated, supplemented or otherwise modified, the "Collateral Agreement"), among the Issuer, the pledgors party thereto and the Collateral Agent, pursuant to which each of the Guarantors granted a lien and security interest in substantially all of its personal property as security for the payment in full and performance of the Secured Obligations (as defined in the Collateral Agreement), subject to the ICA Joinder (as defined below). The foregoing descriptions of the Second Supplemental Indenture and the Collateral Agreement Supplement are only summaries and are subject to, and entirely qualified by reference to, the full text of the Second

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 2 Exhibit Number Description 4.1 Second Supplemental Indenture, dated December 4, 2024, among Summit Midstream Holdings, LLC, Tall Oak Midstream Operating, LLC, Tall Oak Woodford, LLC, VM ARKOMA Stack, LLC, BCZ Land Holdings, LLC and Regions Bank, as trustee and collateral agent. 10.1* Supplement No. 2 to the Collateral Agreement, dated December 4, 2024, among Tall Oak Midstream Operating, LLC, Tall Oak Woodford, LLC, VM ARKOMA Stack, LLC, BCZ Land Holdings, LLC and Regions Bank, as collateral agent. 10.2* Joinder Agreement, dated December 4, 2024, between Tall Oak Midstream Operating, LLC, Tall Oak Woodford, LLC, VM ARKOMA Stack, LLC, BCZ Land Holdings, LLC and Bank of America, N.A. 10.3 Grantor Joinder Agreement to the Intercreditor Agreement, dated December 4, 2024, by Tall Oak Midstream Operating, LLC, Tall Oak Woodford, LLC, VM ARKOMA Stack, LLC and BCZ Land Holdings, LLC. *Certain of the schedules and exhibits to the agreement have been omitted pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule or exhibit will be furnished to the SEC upon request. 3

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Summit Midstream Corporation (Registrant) Dated: December 6, 2024 /s/ Matthew B. Sicinski Matthew B. Sicinski, Senior Vice President and Chief Accounting Officer 3

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