Summit Midstream: Refinancing And Conversion To C-Corp Could Mean A Double In The Stock
Summit Midstream(SMLP) Seeking Alpha·2024-07-20 23:30
Hans-Peter Merten Impact of Refinancing and New Corporate Structure: Summit Midstream (NYSE:SMLP) has had a busy couple of months. Following the asset sales in the Marcellus Basin, the company has completely restructured its debt, thereby lowering interest expense and boosting future cash flows. I believe the lower and now extended maturity debt plus higher cash flows will allow the company to pay accrued preferred distributions and then recommence common distribution. Also, yesterday (Thursday July 18th), ...