other material
confidence high
sentiment neutral
materiality 0.60
Western Midstream selling unitholders to offer 19M common units at $35.75 in secondary offering
Western Midstream Partners, LP
- Selling unitholders (WGR Asset Holding, Anadarko USH1) selling 19M units at $35.75; underwriter option for 2.85M more.
- Partnership will not receive any proceeds from the offering.
- Offering expected to close August 14, 2024; lock-up agreement for 45 days for certain parties.
- Underwriting agreement includes customary indemnification and representations.