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Bracewell Represents Evercore in Summit Midstream Partners, LP’s Drop Down of All Operating Assets from Summit Investments

February 26, 2016

HOUSTON – Bracewell LLP represented Evercore, financial advisor to the Conflicts Committee of the Board of Directors of Summit Midstream GP, LLC, the general partner of Summit Midstream Partners, LP, (SMLP) regarding the acquisition of all of Summit Utica, Meadowlark Midstream and Tioga Midstream, as well as 40.0% of Ohio Gathering and Ohio Condensate. 

The total transaction is estimated by SMLP at $1.2 billion with consideration structured as a $360 million initial payment and a deferred payment estimated by SMLP at approximately $800 million to $900 million due in 2020.

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Bracewell attorneys involved in this transaction included:

Partner: William S. Anderson

Associate: Benjamin A. Fedorko