Western Gas Partners will sell fixed-rate senior notes in two parts

By Devika Patel

Knoxville, Tenn., Aug. 7 – Western Gas Partners, LP plans a two-part offering of fixed-rate senior notes due 2028 and 2048, according to a 424B2 filed with the Securities and Exchange Commission.

The notes feature a make-whole call and then a par call.

Wells Fargo Securities LLC, PNC Capital Markets LLC, RBC Capital Markets Corp. and U.S. Bancorp Investments Inc. are the bookrunners.

Proceeds will be used to repay the company’s maturing 2018 notes, repay debt under its revolving credit facility and for general partnership purposes, including capital expenditures.

The Woodlands, Texas-based company owns, develops and operates midstream energy assets in the United States.

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