SEC Form SC 13G/A filed by Summit Midstream Partners LP (Amendment)

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)

Summit Midstream Partners, LP

(Name of Issuer)

Common Units

(Title of Class of Securities)

866142409

(CUSIP Number)

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units (as defined below) outstanding as of October 29, 2021, as disclosed in the Issuer’s (as defined below) Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission (“SEC”) on November 5, 2021 (the “10-Q”).

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

* The calculation of the percentage of outstanding shares is based on 7,169,834 shares of Common Units outstanding as of October 29, 2021, as disclosed in the Issuer’s 10-Q.

Ownership (a-b)

The ownership information presented below sets forth the number of shares and percentage of the Common Units that each Ares Direct Holder beneficially owns or may be deemed to beneficially own as of the filing date of this Amendment No. 1 (this “Amendment No. 1”) to the statement on Schedule 13G filed by the Reporting Persons on November 27, 2020 (together with this Amendment No. 1, this “Schedule 13G”), based on 7,169,834 shares of Common Units issued and outstanding as of October 29, 2021 (as reported in the Issuer’s quarterly report on Form 10-Q, filed with the Securities and Exchange Commission on November 5, 2021). The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, an aggregate of 271,628 shares of Common Units. Such Common Units are held of record by the Reporting Persons listed under the heading “Ares Direct Holder” in the table below (each, an “Ares Direct Holder,” and collectively, the “Ares Direct Holders”) in the amounts set forth opposite each such Ares Direct Holder’s respective name. Each of the Reporting Persons listed under the heading “Ares Lender of Record” in the table below (each, an “Ares Lender of Record,” and collectively, “Ares Lenders of Record”) directly controls the Ares Direct Holder set forth opposite its respective name.

Ares XXIX CLO Ltd. has sold all of its previously held Common Units and is no longer an Ares Direct Holder. As such, Ares XXIX CLO Tax Subsidiary Inc. is also no longer an Ares Lender of Record.

Ares Management LLC manages or controls, directly or indirectly, each Ares Lender of Record. The sole member of Ares Management LLC is Ares Management Holdings, and the general partner of Ares Management Holdings is Ares Holdco. The sole member of Ares Holdco is Ares Management. Ares Management GP is the sole holder of the Class B Common Stock, $0.01 par value per share, of Ares Management (the “Class B Common Stock”) and Ares Voting is the sole holder of the Class C common stock, $0.01 par value per share, of Ares Management (the “Class C Common Stock”). Pursuant to Ares Management’s Certificate of Incorporation in effect as of the date of this Schedule 13G, the holders of the Class B Common Stock and the Class C Common Stock, collectively, will generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. The sole member of both Ares Management GP and Ares Voting is Ares Partners. Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the “Board Members”). Mr. Ressler generally has veto authority over decisions by the Board Members.

Each of the Reporting Persons (other than the Ares Direct Holders, in each case, solely with respect to the Common Units held of record by each such Ares Direct Holder as set forth above), the Board Members and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Units for purposes of Section 13(d) of the Act and the rules under Section 13(d) of the Act.

(c) The information contained on the cover pages to this Schedule 13G is incorporated herein by reference.

As of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the Issuer's Common Units.

Not applicable.

Not applicable.

Not applicable.

Not applicable.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:   February 14, 2022