Western Gas to repay revolving credit facility via new notes proceeds

By Tali David

Minneapolis, Aug. 5 - Western Gas Partners, LP plans to repay amounts outstanding under its revolving credit facility with the proceeds of a new note offering, according to a 424B3 filing with the Securities and Exchange Commission.

As of Aug. 2, borrowings outstanding under the facility were $250 million and had a weighted average interest rate of about 1.69%. The facility has a maturity date of March 24, 2016.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.