Western Gas Partners Closes Nuevo Midstream, LLC Acquisition and Issuance Under Exercise of Underwriters' Over-Allotment Option
(firmenpresse) - HOUSTON, TX -- (Marketwired) -- 11/25/14 -- Western Gas Partners, LP (NYSE: WES) (the "Partnership") announced today that it has closed its previously announced acquisition of Nuevo Midstream, LLC ("Nuevo"), a leading Delaware Basin gas gatherer and processor. The $1.5 billion purchase price and certain purchase price adjustments were funded through the issuance of $750.0 million of Class C units to Anadarko Petroleum Corporation, borrowings under the Partnership's revolving credit facility and cash on hand, including the proceeds from the Partnership's November 2014 equity offering. Discussions with a third party regarding its potential 50% investment in Nuevo are ongoing, and the Partnership has mutually agreed with the third party to extend the option period expiration date to no later than December 19, 2014, to allow for additional evaluation of the opportunity.
The Partnership also announced that it has closed the issuance of 1,120,153 common units representing limited partner interests under the partial exercise of the 1,125,000 common unit over-allotment option granted to the underwriters in connection with its recent public offering of 7,500,000 common units. Aggregate net proceeds from the offering of approximately $602.9 million (including from the partial exercise of the over-allotment option and from a capital contribution by the Partnership's general partner and after deducting underwriting discounts and commissions and estimated offering expenses payable by the Partnership) were used to partially fund the Nuevo acquisition.
Benjamin Fink, CFA
SVP, Chief Financial Officer and Treasurer
832.636.6010
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 25.11.2014 - 21:01 Uhr
Sprache: Deutsch
News-ID 355427
Anzahl Zeichen: 0
contact information:
Town:
HOUSTON, TX
Kategorie:
Oil & Gas
Diese Pressemitteilung wurde bisher 221 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Western Gas Partners Closes Nuevo Midstream, LLC Acquisition and Issuance Under Exercise of Underwriters' Over-Allotment Option"
steht unter der journalistisch-redaktionellen Verantwortung von
Western Gas Partners, LP (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
