Summit Midstream to launch 6.5M-unit offering

• Summit Midstream Partners (NYSE:SMLP) -4.3% AH after announcing a public offering of 6.5M common units, with an underwriters option to purchase up to an additional 975K units.
• SMLP says it plans to use the proceeds to fund part of the purchase price of its pending acquisition of all membership interests in Polar Midstream and Epping Transmission Co.