Western Midstream Partners, LP Announces Pricing of Notes Offering
- WES's offering of $600 million in senior notes could provide funding for its pending acquisition, which may positively impact the stock price.
- None.
The senior notes offering is not contingent on the completion of the Meritage Acquisition, and the Meritage Acquisition is not contingent on the completion of this offering. If the Meritage Acquisition is not completed, then WES expects to use the portion of the net proceeds of the offering that would have been allocated to the purchase price for general partnership purposes.
Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and SMBC Nikko Securities America, Inc. 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 Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The offer is being made only through the prospectus as supplemented, which is part of a shelf registration statement that became effective on March 30, 2023.
ABOUT WESTERN MIDSTREAM
Western Midstream Partners, LP (“WES”) is a
This news release contains forward-looking statements. WES, WES Operating and their general partners believe that their expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release, including WES Operating’s ability to close successfully on the senior notes offering and to use the net proceeds as described herein. See “Risk Factors” in WES’s and WES Operating’s Annual Reports on Form 10-K for the year ended December 31, 2022, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2023, and June 30, 2023, and other public filings and press releases. Except as required by law, neither WES nor WES Operating undertakes the obligation to publicly update or revise any forward-looking statements.
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Daniel Jenkins
Director, Investor Relations
Daniel.Jenkins@westernmidstream.com
832.636.1009
Rhianna Disch
Manager, Investor Relations
Investors@westernmidstream.com
866-512-3523
Source: Western Midstream Partners, LP.