Howard Energy Partners LLC - Tender Offer 2024 (US) - Expiration

Howard Energy Partners Announces Expiration of Tender Offer for Any and All of Its Outstanding 6.75 Percent Senior Notes Due 2027 With Approximately $377.6 Million Having Been Tendered - 442722AA2 - U4425TAA0

13 JUNE 2024

Full announcement including full disclosures and disclaimers available via Businesswire: Source: Howard Midstream Energy Partners LLC

"SAN ANTONIO--(BUSINESS WIRE)--Howard Midstream Energy Partners, LLC (the “Company”) announced today the results of the previously announced cash tender offer (the “Tender Offer”) for any and all of its outstanding 6.75 percent senior notes due 2027 (the “Notes”). The Tender Offer expired at 5:00 p.m., New York City time, on Wednesday June 12, 2024 (the “Expiration Time”). As of the Expiration Time, $377,604,000 or 94.40 percent of the $400,000,000 outstanding aggregate principal amount of the Notes had been validly tendered and not withdrawn in the Tender Offer (excluding $1,336,000 in aggregate principal amount of the Notes submitted pursuant to the guaranteed delivery procedures described in the Offer to Purchase, dated June 6, 2024 (the “Offer to Purchase”) and the related Notice of Guaranteed Delivery (together with the Offer to Purchase, the “Tender Offer Documents”)). The Company expects to accept for purchase all of the Notes validly tendered and delivered (and not validly withdrawn) in the Tender Offer at or prior to the Expiration Time. Payment for the Notes purchased pursuant to the Tender Offer is intended to be made on June 17, 2024 (the “Settlement Date”).

Certain information regarding the Notes is set forth in the table below.

The consideration to be paid under the Tender Offer will be $1,021.59 per $1,000 principal amount of Notes (the “Tender Offer Consideration”), plus accrued and unpaid interest to, but not including, the Settlement Date. No tenders submitted after the Expiration Time will be valid. Subject to the terms and conditions of the Tender Offer, holders that validly tendered their Notes and did not validly withdraw such Notes at or prior to the Expiration Time and whose Notes are accepted for purchase pursuant to the Tender Offer are eligible to receive the Tender Offer Consideration.

Completion of the Tender Offer is subject to certain market and other conditions, including the consummation of the Offering (as defined below).

The Company intends to fund the Tender Offer Consideration for the Notes tendered in the Tender Offer with net proceeds it receives from the sale of $600,000,000 aggregate principal amount of its 7.375 percent senior notes due 2032 (the “Offering”). Additional terms and conditions of the Tender Offer are set forth in the Tender Offer Documents."

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Howard Energy Partners Announces Pricing Terms of Tender Offer for Any and All of Its Outstanding 6.75 Percent Senior Notes Due 2027

12 JUNE 2024

Full announcement including full disclosures and disclaimers available via Businesswire: Source: Howard Midstream Energy Partners LLC

"SAN ANTONIO--(BUSINESS WIRE)--Howard Midstream Energy Partners, LLC (the “Company”) today announced the pricing terms of the previously announced cash tender offer (the “Tender Offer”) for any and all of the $400,000,000 outstanding aggregate principal amount of its 6.75 percent senior notes due 2027 (the “Notes”). The Tender Offer consists of an offer on the terms and conditions set forth in the offer to purchase, dated June 6, 2024 (the “Offer to Purchase”), and the notice of guaranteed delivery (as they may each be amended or supplemented from time to time, the “Tender Offer Documents”), to purchase for cash any and all of the Notes.

The “Tender Offer Consideration” for each $1,000 principal amount of the 2027 Notes validly tendered, and not validly withdrawn, and accepted for purchase pursuant to the Tender Offer was determined in the manner described in the Offer to Purchase by reference to the fixed spread for the 2027 Notes specified above plus the yield based on the bid-side price of the U.S. Treasury Reference Security specified above, as quoted on the Bloomberg Bond Trader FIT3 series of pages, at 2:00 p.m. New York City time, today, the date on which the Tender Offer is currently scheduled to expire.

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Howard Energy Partners Announces Commencement of a Cash Tender Offer for the 6.75 Percent Senior Notes Due 2027 - 442722AA2 - U4425TAA0

06 JUNE 2024

Full announcement including full disclosures and disclaimers available via Businesswire: Source: Howard Midstream Energy Partners LLC

SAN ANTONIO--(BUSINESS WIRE)--Howard Midstream Energy Partners, LLC (the “Company”) today announced that it is commencing a cash tender offer (the “Tender Offer”) for any and all of its $400 million outstanding 6.75 percent senior notes due 2027 (the “2027 Notes”).

The Tender Offer is being made pursuant to an Offer to Purchase, dated June 6, 2024 (the “Offer to Purchase”), and the accompanying Notice of Guaranteed Delivery (as they may each be amended or supplemented from time to time, the “Tender Offer Documents”).

Certain information regarding the 2027 Notes and the U.S. Treasury Reference Security, the Bloomberg reference page and the fixed spread is set forth in the table below.

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