Western Midstream Operating, LP: debt financing — Western Midstream Operating closes $1.2B senior notes offering for refinancing and general purposes

Western Midstream Operating, LP

Issued $600M of 4.800% Senior Notes due 2031 and $600M of 5.500% Senior Notes due 2035.
Net proceeds to repay 4.650% Senior Notes due 2026 and commercial paper (incl. borrowings for Aris Water acquisition).
Notes priced at 99.993% (2031) and 99.405% (2035) of face amount; semi-annual interest.
Notes rank equally with existing senior debt; subsidiary guarantee conditional on revolver borrowing.
Underwriting agreement with Wells Fargo, Deutsche Bank, Mizuho, SMBC Nikko.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Western Midstream Operating, LP incurred senior notes of $600,000,000 aggregate principal amount of 4.800% Senior Notes due 2031 and $600,000,000 aggregate principal amount of 5 with Computershare Trust Company, National Association at 4.800% maturing March 1, 2031, unless redeemed prior to maturity.

Instrument: senior notes
Principal: $600,000,000 aggregate principal amount of 4.800% Senior Notes due 2031 and $600,000,000 aggregate principal amount of 5
Counterparty: Computershare Trust Company, National Association
Rate: 4.800%
Maturity: March 1, 2031, unless redeemed prior to maturity
Event: incurrence

Exact text from the filing

On December 4, 2025, Western Midstream Operating, LP (the “Partnership”), a subsidiary of Western Midstream Partners, LP (NYSE: WES), completed the public offering of $600,000,000 aggregate principal amount of 4.800% Senior Notes due 2031 (the “2031 Notes”) and $600,000,000 aggregate principal amount of 5.500% Senior Notes due 2035 (the “2035 Notes” and, together with the 2031 Notes, the “Notes”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Western Midstream Operating, LP amended Fifteenth Supplemental Indenture with Computershare Trust Company, National Association valued at $600,000,000 aggregate principal amount of 4.800% Senior Notes due 2031 and $600,000,000 aggregate p (effective 2025-12-04).

Action: amendment
Agreement: notes offering
Counterparty: Computershare Trust Company, National Association
Value: $600,000,000 aggregate principal amount of 4.800% Senior Notes due 2031 and $600,000,000 aggregate p
Effective: 2025-12-04

Exact text from the filing

as supplemented by the Fifteenth Supplemental Indenture (the “Supplemental Indenture”), dated as of December 4, 2025, by and between the Partnership and the Trustee, setting forth the specific terms applicable to the Notes (the Base Indenture, as supplemented by the Supplemental Indenture, the “Indenture”).

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0001414475-25-000025

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.