Summit Midstream Partners Acquire Bakken and Marcellus Shale Plays for $460M

Summit Midstream Partners, LP SMLP today announced two separate acquisitions of unrelated natural gas gathering systems totaling $460 million in the Bakken and Marcellus shale plays.  The transactions will be financed under SMLP's recently upsized $600 million revolving credit facility and the issuance of $150 million of common units and general partner interests in SMLP to wholly-owned subsidiaries of Summit Midstream Partners, LLC ("Summit Investments").  See full press release