Subsequent Events

6 Months Ended

Jun. 30, 2021

Subsequent Events [Abstract]

Subsequent Events

13.  Subsequent Events

In July 2021, we repaid $500 million principal amount of our $1 billion term loan, which matures in March 2023. At June 30, 2021, the $500 million which was repaid in July has been classified as Current maturities of long-term debt in our Consolidated Balance Sheet.

In July 2021, Hess Midstream LP announced that its subsidiary, Hess Midstream Operations LP (HESM Opco), agreed to repurchase approximately 31 million HESM Opco Class B units held by Hess Corporation and Global Infrastructure Partners for approximately $750 million. We expect to receive net proceeds of approximately $375 million. After giving effect to this transaction, which is expected to be completed in the third quarter of 2021, we will own an approximate 45% interest in Hess Midstream LP, on a consolidated basis. In August 2021, HESM Opco issued $750 million in aggregate principal amount of senior unsecured notes due 2030 in a private offering to finance the repurchase.