Western Midstream Operating, a unit of Western Midstream Partners, priced an offering of $700 million in aggregate principal amount of 5.7% senior notes due 2036. Net proceeds will be used to repay outstanding borrowings under the company's revolving credit facility and commercial paper program, including debt incurred to finance the acquisition of Brazos Delaware II, and for general partnership purposes such as funding capital expenditures. The notes offering is expected to close on June 25.
Western Midstream Partners LPPriced $700M senior notes offering to repay debt and fund capex, improving financial flexibility.