Western Gas Partners, LP 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.
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