Goldman Sachs said its board appointed John B. Hess as an independent director effective June 24, 2024, and that he was also named to the Compensation, Corporate Governance and Nominating, and Risk Committees.

1. 01

   Goldman Sachs said its board appointed John B. Hess as an independent director effective June 24, 2024, and that he was also named to the Compensation, Corporate Governance and Nominating, and Risk Committees.

2. 02

   The company said Hess is chief executive officer of Hess Corporation and chairman and CEO of Hess Midstream LP, and previously served as an independent director of KKR & Co., Inc. and Dow Chemical Company.

3. 03

   The Goldman Sachs Group agreed to participate in a $3.25 billion revolving credit facility for Hess Corporation and lend it up to $265 million at SOFR + 1.4%, and said it currently has no loan outstanding.

4. 04

   The company said it agreed to participate in $1.4 billion of senior secured credit facilities for Hess Midstream and lend it up to $89 million, and that about $30 million had been loaned as of December 31, 2023, though no balance is currently outstanding.

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