Western Gas to pay down revolving credit facility with note proceeds

By Tali Rackner

Norfolk, Va., May 26 – Western Gas Partners, LP plans to repay a portion of the amount outstanding under its revolving credit facility with the proceeds from a new offering of senior notes due 2025, according to a 424B3 filing with the Securities and Exchange Commission.

As of May 21, borrowings outstanding under the revolver were $760 million.

The midstream energy asset company is based in the Woodlands, Texas.

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