Market Overview

Western Gas Reports Price of $150M Senior Notes

Related WES
Bank Of America Upgrades 9 Midstream Energy MLPs
White Cliffs Pipeline, L.L.C. Begins Commissioning Of White Cliffs Pipeline Expansion From 76K B/pd To 150K B/pd
Rose Rock Midstream Raises Cash Distribution by 7.8% Q/Q - Analyst Blog (Zacks)

Western Gas Partners, LP (NYSE: WES) today announced that it has priced an offering of an additional $150,000,000 in aggregate principal amount of 4.0% senior notes due 2022 at a price to the public of 105.178% of their face value, equating to a yield to maturity of 3.356%. The senior notes are being offered as additional senior notes under an indenture pursuant to which Western Gas Partners issued $520 million aggregate principal amount of 4.0% senior notes due 2022 on June 28, 2012. These new senior notes are identical to, and will be treated as a single class of debt securities with, the previously issued senior notes under the indenture governing the senior notes. The offering of the senior notes is expected to close on October 18, 2012, subject to customary closing conditions. Net proceeds from the offering are expected to be used for general partnership purposes.

Posted-In: News Financing Offerings


Related Articles (WES)

Around the Web, We're Loving...

Get Benzinga's Newsletters