Debt

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Debt

6.  Debt

In July 2021, we repaid $500 million principal amount of Hess Corporation's $1 billion term loan, which matures in March 2023. The remaining $500 million has been classified as Current portion of long-term debt in our Consolidated Balance Sheet at September 30, 2021 due to management's intent to repay the remaining $500 million within the next twelve months.

In August 2021, HESM Opco issued $750 million in aggregate principal amount of 4.250% fixed-rate senior unsecured notes due 2030 in a private offering to finance the repurchase of 31.25 million HESM Opco Class B units held by a subsidiary of Hess Corporation and an affiliate of GIP.