HOUSTON – Troutman Pepper Locke represented Western Midstream Partners, LP (NYSE: WES), in an offering by its subsidiary, Western Midstream Operating, LP (WES Operating), of $700 million in aggregate principal amount of 5.700% senior notes due 2036. For more information, see the press release.
Net proceeds from the offering are expected to be used to repay borrowings outstanding under WES Operating’s revolving credit facility and commercial paper program (including borrowings incurred by WES to fund the cash consideration for the acquisition of Brazos Delaware II, LLC), and for general partnership purposes, including the funding of capital expenditures.
The Troutman Pepper Locke team that advised WES included Jon Daly, Gislar Donnenberg, Jacob Richards, Emily Fahey, Cassie Chen, John Arnold, Gerry Pels, Elizabeth Corey, Buddy Sanders, Mark Miller, and Tom Bohac.
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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