debt
confidence high
sentiment neutral
materiality 0.50
WES Operating prices $800M of 5.450% Senior Notes due 2034 at 99.743% of par
Western Midstream Partners, LP
- Interest accrues from Aug 20, 2024, payable semi-annually on May 15 and Nov 15, maturing Nov 15, 2034.
- Net proceeds to repay portions of WES Operating's 3.100% and 3.950% Senior Notes due 2025 and fund capex.
- Offering closed Aug 20, 2024; underwriters led by TD Securities, BofA Securities, MUFG, and PNC Capital Markets.
- Notes rank equally with all existing and future senior indebtedness; initially no subsidiary guarantees.