Loan & DebtJun 25, 2026, 04:22 PM
Western Midstream Operating Issues $700M Senior Notes
AI Summary
Western Midstream Operating, LP, a subsidiary of Western Midstream Partners, LP, completed a public offering of $700 million aggregate principal amount of 5.700% Senior Notes due 2036. The notes will mature on July 1, 2036, with interest payable semi-annually. The net proceeds from the offering will be used to repay borrowings under its revolving credit facility and commercial paper program, as well as for general partnership purposes and funding capital expenditures.
Key Highlights
- WES Operating completed public offering of $700,000,000 Senior Notes.
- Notes carry a 5.700% interest rate, due 2036.
- Maturity date for the Notes is July 1, 2036.
- Proceeds will repay borrowings under revolving credit facility and commercial paper.
- Funds also for general partnership purposes and capital expenditures.
- Notes are senior unsecured obligations of the Partnership.
- Underwritten by TD Securities, Barclays, Citigroup, and MUFG.
Price Impact
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