Western Gas Partners Prices $520 Mln Of Senior Notes

Western Gas Partners Prices Public Offering Of 6.10 Mln Units At $61.18 Per Unit

Western Gas Partners Profit Falls

Trade WES now with

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.

Click here to receive FREE breaking news email alerts for Western Gas Partners and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 64 Articles Next>>

Editors Pick

King Makes Last Plea For Stimulus Before Entrusting BoE To Carney's 'Safe Hands'

Bank of England Governor Mervyn King made a last but strong call for expanding stimulus for the British economy in his final Mansion House speech on Wednesday even as he left some "unfinished business" in the banking sector for the next chief Mark Carney to complete. King will step down by end-June after ten years at the helm. Carney will assume office from July 1.

Red Hat Results Edge Past Estimates

Red Hat Inc., the world's largest seller of Linux software, said Wednesday after the markets closed that its first quarter profit rose 8% from last year, as revenue increased 15% amid strong consumer demand. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue.

Negative Reaction To Fed Leads To Sell-Off On Wall Street - U.S. Commentary

After moving mostly higher over the course of the two previous sessions, stocks pulled back sharply during trading on Wednesday. A negative reaction to the Federal Reserve's monetary policy announcement weighed on the markets in afternoon trading. The major averages saw some volatility following the announcement from the Fed, closing firmly in the red.