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Western Gas Partners LP Announces Public Offering Of 6,100,000 Common Units

Monday, 13 May 2013 04:15pm EDT 

Western Gas Partners LP announced a registered underwritten public offering of 6,100,000 common units representing limited partner interests. Western Gas Partners (the Partnership) will grant the underwriters a 30-day option to purchase up to 915,000 additional common units. The Partnership expects to use the net proceeds from the offering, including any net proceeds received from an exercise of the underwriters` option to purchase additional common units, for general partnership purposes, including the funding of capital expenditures, and the repayment of a portion of the outstanding borrowings under its revolving credit facility. RBC Capital Markets, Barclays, Citigroup, Deutsche Bank Securities, Morgan Stanley, UBS Investment Bank and Wells Fargo Securities are acting as joint book-running managers for the offering. 

Company Quote

-0.49 -0.69%
3:51pm EST