Kirkland Represents Summit in Financing for the Double E Pipeline Project

Kirkland advised Summit Midstream Partners, LP (NYSE: SMLP) in a back leverage financing involving its wholly-owned, indirect subsidiary, Summit Permian Transmission, LLC, which has closed today on its previously announced $175 million of senior secured credit facilities.  The credit facilities will be used to finance the development of the Double E Pipeline Project (Double E), in which it owns a 70% interest.  The in-service date of Double E is expected in the fourth quarter of 2021.

Read Summit Midstream’s press release

The team was led by debt finance partners Rohit Chaudhry and Jared Joyce-Schleimer and associates Tina Zheng and Yasin Khan; with assistance from energy regulatory partner Brooksany Barrowes; tax partner Scott Cockerham; employee benefits partner Elizabeth Dyer; transactional partner Erik Hepler; environmental transactions partner Jonathan Kidwell and associate James Dolphin; derivatives partner Jaime Madell; government & internal investigations partner Nick Niles; and debt finance partner Rustin Brown and associate Mateo Todd Aceves.