debt
confidence high
sentiment neutral
materiality 0.65
Western Midstream Operating issues $700M 5.700% Senior Notes due 2036
Western Midstream Operating, LP
- Issued $700M of 5.700% Senior Notes due 2036 at 99.705% of face amount.
- Notes mature July 1, 2036; interest payable semi-annually on Jan 1 and Jul 1, starting Jan 1, 2027.
- Net proceeds to repay borrowings under revolving credit facility and commercial paper program, including for the acquisition of Brazos Delaware II, LLC.
- Notes are senior unsecured obligations ranking equally with existing and future senior indebtedness.
- Underwriting agreement led by TD Securities, Barclays, Citigroup, and MUFG Securities Americas.