Western Midstream draws down $1 billion under term credit agreement

By Sarah Lizee

Olympia, Wash., Sept. 17 – Western Midstream Operating, LP drew down $1 billion under its term credit agreement dated as of Dec. 19, 2018 on Friday, according to an 8-K filing with the Securities and Exchange Commission.

Barclays Bank plc is the administrative agent.

The partnership used the funds to repay borrowings under its $2 billion revolver. The partnership has no remaining borrowing capacity under the amended term credit agreement.

The oil and gas company is based in the Woodlands, Tex.

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