Western Gas Partners Prices $150 Mln of Senior Notes; Shares Flat After Clipping 52-Week High In Regular Session

By MidnightTrader.com Staff,

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Western Gas Partners, LP ( WES ) is flat in late trade after pricing an offering of an additional $150 million in aggregate principal amount of 4.0% senior notes due 2022 at a price to the public of 105.178% of their face value, equating to a yield to maturity of 3.356%.

The senior notes are being offered as additional senior notes under an indenture pursuant to which WES issued $520 million aggregate principal amount of 4.0% senior notes due 2022 on June 28, 2012. The offering of the senior notes is expected to close on October 18, 2012.

WES climbed to a 52-week high of $52.85 in the regular session. Shares have increased 55% in the last 12 months.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
Referenced Stocks: WES

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