HOUSTON – Bracewell LLP represented Evercore, financial advisor to the Conflicts Committee of the Board of Directors of the general partner of Summit Midstream Partners, LP (NYSE: SMLP), regarding SMLP’s agreement to prepay $100 million of the deferred purchase price obligation and fix the remaining obligation due in 2020 at $303.5 million and eliminate SMLP’s economic general partner interest and incentive distribution rights in exchange for 8.75 million SMLP common units issued to a wholly owned subsidiary of Summit Midstream Partners, LLC.
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Bracewell lawyers involved in this transaction include:
Partner: William S. Anderson
Associate: Benjamin J. Martin