Western Gas Partners Prices $520 Mln Of Senior Notes

Western Gas Partners Profit Falls

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6/21/2012 4:01 PM ET

Western Gas Partners, LP (WES: Quote) said Thursday that it has priced its offering of $520 million in aggregate principal amount of 4.00% senior notes due 2022 at a price to the public of 99.194% of their face value.

The offering of the senior notes is expected to settle on June 28.

Net proceeds from the offering are expected to be used to repay all amounts outstanding under the partnership's $800.0 million revolving credit facility, with the remaining net proceeds used to refinance the partnership's note payable to Anadarko Petroleum Corp. and for general partnership purposes.

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