HOUSTON – Troutman Pepper Locke represented Western Midstream Partners, LP (NYSE: WES), in an offering by its subsidiary, Western Midstream Operating, LP, of $600 million in aggregate principal amount of 4.800% senior notes due 2031 and $600 million in aggregate principal amount of 5.500% senior notes due 2035 (Senior Notes). The offering is expected to close on Dec. 4, 2025, subject to customary closing conditions. For more information, see the press release.
Net proceeds from the offering are expected to be used to refinance WES Operating’s maturing 4.650% Senior Notes due 2026, repay amounts outstanding under WES Operating’s commercial paper program (including borrowings incurred by WES to fund the cash consideration of the acquisition of Aris Water Solutions, Inc.), and for general partnership purposes, including the funding of capital expenditures.
The Troutman Pepper Locke team that advised WES included Jon Daly, Gislar Donnenberg, John Arnold, Gerald Pels, Buddy Sanders, Tom Bohac, George Ticknor, Chris Hart, Joe Chung, Jacob Richards, Shumaila Dhuka, Emily Fahey, Cassie Chen, Elizabeth Corey, and Brett Miller.
Consistently recognized as a top-tier practice, Troutman Pepper Locke’s corporate attorneys regularly handle strategic deals for Fortune 100 corporations and middle market transactions for private equity clients. Core areas of service include mergers and acquisitions, corporate finance, corporate governance, securities laws compliance, capital markets transactions, and other significant domestic and cross-border transactions, as well as general corporate counseling.
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