Western Midstream Partners, LP announced that its subsidiary, Western Midstream Operating, LP (“WES Operating”), has priced an offering of $750 million in aggregate principal amount of 6.150% senior notes due 2033 at a price to the public of 99.728% of their face value. The offering of the senior notes is expected to close on April 4, 2023, subject to the satisfaction of customary closing conditions. Net proceeds from the offering are expected to be used to repay borrowings under WES Operating’s revolving credit facility, and for general partnership purposes.
TD Securities (USA) LLC, MUFG Securities Americas Inc., and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering. The offering will be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended, copies of which may be obtained from TD Securities (USA) LLC, 1 Vanderbilt Avenue, 11th Floor, New York, New York 10017, Attn: Transaction Advisory, phone no. 1-855-495-9846; (ii) MUFG Securities Americas Inc., 1221 Avenue of the Americas, 6th Floor, New York, New York, 10020, Attn: Capital Markets Group, phone no. 1-877-649-6848; and (iii) Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attn.: WFS Customer Service, phone no. 1-800-645-3751. An electronic copy of the prospectus and the related prospectus supplement is available from the U.S. Securities and Exchange Commission’s website at www.sec.gov.
