Western Midstream Operating offers fixed-rate senior notes

By Marisa Wong

Los Angeles, Sept. 27 – Western Midstream Operating, LP plans to price fixed-rate senior notes, according to a 424B3 filing with the Securities and Exchange Commission.

The notes will feature an optional make-whole call, followed by an optional par call.

Barclays, Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and SMBC Nikko Securities America, Inc. are the joint bookrunners.

Computershare Trust Co., NA is the trustee.

Sidley Austin LLP will act as counsel for the issuer. Gibson, Dunn & Crutcher LLP will represent the underwriters.

Proceeds will be used to help fund the company’s acquisition of Meritage Midstream Services II, LLC, a midstream company based in Denver, and for general partnership purposes.

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

© 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.