By Aleesia Forni
Virginia Beach, Va., Aug. 5 - Western Gas Partners LP (/BBB-/) priced $250 million of 2.6% senior notes due 2018 on Monday at Treasuries plus 123 basis points, according to a market source and an FWP filing with the Securities and Exchange Commission.
The notes priced at 99.879 to yield 2.626%.
Proceeds will be used to repay the amount outstanding under the company's revolving credit facility.
Wells Fargo Securities LLC, U.S. Bancorp Investments Inc., DNB Markets, Inc., Scotia Capital (USA) Inc. and SG Americas Securities LLC were the joint bookrunners.
The midstream energy asset company is based in the Woodlands, Texas.
| Issuer: | Western Gas Partners LP
|
| Issue: | Senior notes
|
| Amount: | $250 million
|
| Maturity: | Aug. 15, 2018
|
| Bookrunners: | Wells Fargo Securities LLC, U.S. Bancorp Investments Inc., DNB Markets Inc., Scotia Capital (USA) Inc., SG Americas Securities LLC
|
| Co-managers: | BMO Capital Markets Corp., Comerica Securities Inc.
|
| Coupon: | 2.6%
|
| Price: | 99.879
|
| Yield: | 2.626%
|
| Spread: | Treasuries plus 123 bps
|
| Trade date: | Aug. 5
|
| Settlement date: | Aug. 14
|
| Ratings: | Standard & Poor's: BBB-
|
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