Benzinga | Jun 24, 2021 04:19PM EDT

Oasis Midstream Partners Public Offering Of 3.623M Common Units

Oasis Midstream Partners LP (NASDAQ:OMP) (the "Partnership") announced today that it has commenced an underwritten public offering of 3,623,188 common units representing limited partnership interests ("common units"). The Partnership expects to grant the underwriter a 30-day option to purchase up to an additional 543,478 common units. All of the common units are being offered by the Partnership on a primary basis, the net proceeds of which (including any net proceeds from the underwriter's exercise of their option to purchase additional common units) are being used to redeem from Oasis Petroleum Inc. (NASDAQ:OAS) a number of common units equal to the number of common units sold by the Partnership in the offering. The Partnership will not receive any proceeds from the sale of the common units in this offering and the number of common units outstanding immediately following the offering will remain unchanged.

Morgan Stanley is acting as the underwriter for the offering.

The offering is being made pursuant to an effective shelf registration statement, which has been filed with the Securities and Exchange Commission and became effective on October 26, 2018. The offering will be made only by means of a preliminary prospectus supplement and the accompanying base prospectus, copies of which may be obtained on the Securities and Exchange Commission's website at www.sec.gov. Alternatively, the underwriter will arrange to send you the preliminary prospectus supplement and related base prospectus if you request them by contacting Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.