Western Gas Partners LP (NYSE: WES) announced that it has priced an offering of an additional $150 million in aggregate principal amount of 4% senior notes due 2022 at a price to the public of 105.178% of their face value, equating to a yield to maturity of 3.356%. The senior notes are being offered as additional senior notes under an indenture pursuant to which Western Gas Partners issued $520 million aggregate principal amount of 4% senior notes due 2022 on June 28, 2012.
Net proceeds from the offering are expected to be used for general partnership purposes.
RBS Securities Inc., DNB Markets, Inc., Mitsubishi UFJ Securities (USA), Inc., Scotia Capital (USA) Inc. and UBS Securities LLC are acting as joint book-running managers for the offering.
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