debt
confidence high
sentiment neutral
materiality 0.65
Western Midstream closes $700M offering of 5.700% Senior Notes due 2036
Western Midstream Partners, LP
- $700M aggregate principal of 5.700% Senior Notes due 2036 priced at 99.705% of face; interest payable semi-annually starting Jan 1, 2027.
- Net proceeds to repay borrowings under revolving credit facility and commercial paper program, including cash consideration for Brazos Delaware II acquisition.
- Notes are senior unsecured obligations of Western Midstream Operating, LP; mature July 1, 2036, redeemable at issuer's option prior to maturity.
- Underwriting agreement signed June 22 with TD Securities, Barclays, Citigroup, and MUFG as representatives.