Hess midstream partners to buy hess infrastructure partners for $6.2 bln

Hess midstream partners lp announces acquisition of hess infrastructure partners lp, idr simplification and conversion to an up-c corporate structure; provides 2020 guidance.hess midstream partners lp announces acquisition of hess infrastructure partners lp, idr simplification and conversion to an up-c corporate structure; provides 2020 guidance.hess midstream partners - will acquire all of hess corporation's and global infrastructure partners' ownership interests in hess infrastructure partners lp.hess midstream partners lp - deal for approximately $6.2 billion.hess midstream partners lp - full year 2020 volumes are anticipated to grow significantly compared to 2019.hess midstream partners lp - hesm will assume approximately $1.15 billion of existing hip debt.hess midstream partners lp - deal expected to be immediately accretive to distributable cash flow per unit/share commencing with 6% accretion in 2020.hess midstream partners lp - 2020 capital expenditures are expected to be approximately $350 million.hess midstream partners lp - plans to maintain hesm's targeted 15% distribution per unit growth through at least 2021.hess midstream partners lp - hesm will issue about 230 million hesm units and pay a cash consideration of about $550 million to hess and gip collectively.hess midstream partners lp - transaction expected to be non-taxable to current public unitholders.
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