Western Gas Partners LP - 2011-03-25

Entered a new five-year unsecured revolving credit facility with a group of lenders.

The facility will be used to refinance certain existing debt, for capital expenditures, potential asset acquisitions and other general corporate purposes. At closing, the partnership borrowed $250 million under the facility to retire its three-year, $250-million term loan that served to finance part its acquisition of the Wattenberg assets from Anadarko Petroleum Corp., Houston, (NYSE: APC) in August 2010.

Seventeen financial institutions participated in the facility. Wells Fargo Bank N.A. was administrative agent for the new facility and DNB NOR Bank ASA was syndication agent, with Bank of Montreal, Comerica Bank and The Bank of Tokyo-Mitsubishi UFJ, Ltd. as documentation agents.