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”).

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Source: SEC EDGAR

accession 0001414475-25-000025

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