filed to sell, from time to time, up to $1.5 billion of debt securities and35,770,408 common units worth about $837 million.
The debtsecurities will be Summit Midstream's direct, unsecured obligations and may beissued in a number of series, according to an Oct. 3 SEC filing. Use ofproceeds would be specified in the offerings as they are launched.
SummitMidstream Finance Corp. may act as co-issuer of the debt securities, while certain direct or indirect subsidiaries ofthe partnership, or Summit Midstream Holdings LLC, may guarantee any debtsecurities, with U.S.Bank NA as trustee. The selling unit holders for the common units are SummitMidstream Partners Holdings and SMLP Holdings LLC.