Western Gas Partners LP - 2011-05-10
Description
Priced an offering of aggregate principal amount of 5.375% notes due 2021 at a price to the public of 98.778% of their face value. The offering of the senior notes is expected to settle on May 18. Net proceeds are expected to be used to pay amounts outstanding under the partnership's $800-million revolving credit facility and for general partnership purposes. Morgan Stanley & Co. Inc., Wells Fargo Securities LLC, Scotia Capital (USA) Inc., SG Americas Securities LLC and U.S. Bancorp Investments Inc. are joint book-running managers.