Western Gas Partners, LP Prices Public Offering of 6,000,000 Common Units (Business Wire) PDF Print E-mail
Friday, 04 December 2009 09:04

HOUSTON–(BUSINESS WIRE)–Western Gas Partners, LP (NYSE: WESNews) today announced that it has priced
its public offering of 6,000,000 common units representing limited
partner interests. Western Gas Partners has granted the underwriters a
30-day option to purchase up to 900,000 additional common units. The
common units were offered to the public at $18.20 per unit. The offering
is expected to settle and close on December 9, 2009, subject to
customary closing conditions. Net proceeds from the offering are
expected to be used to repay amounts outstanding under the partnership’s
$350 million revolving credit facility. Any remaining net proceeds will
be used for general partnership purposes, including capital expenditures
and acquisitions.

Barclays Capital, BofA Merrill Lynch, Goldman, Sachs & Co. and Wells
Fargo Securities are acting as joint book-running managers for the
offering. The offering is being made only by means of a prospectus and
related prospectus supplement, copies of which may be obtained from
Barclays Capital, c/o Broadridge Integrated Distribution Services, 1155
Long Island Avenue, Edgewood, NY 11717, or by calling (888) 603-5847 or
by emailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it ;
BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn:
Preliminary Prospectus Department, or by emailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it ;
Goldman, Sachs & Co., Prospectus Department, 85 Broad Street, New York,
NY 10004, or by calling (866) 471-2526, or by facsimile at (212)
902-9316 or by emailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it ;
or Wells Fargo Securities at 375 Park Avenue, New York, NY 10152,
Attention: Equity Syndicate Dept., or by calling (800) 326-5897 or by
emailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it .
An electronic copy of the prospectus and prospectus supplement is
available from the U.S. Securities and Exchange Commission’s website at www.sec.gov.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of, these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such state or jurisdiction.
The offer is being made only through the prospectus as supplemented,
which is part of a shelf registration statement that became effective on
August 17, 2009.

This news release contains forward-looking statements. Western Gas
Partners and its general partner believe that their expectations are
based on reasonable assumptions. No assurance, however, can be given
that such expectations will prove to have been correct. A number of
factors could cause actual results to differ materially from the
projections, anticipated results or other expectations expressed in this
news release, including Western Gas Partners’ ability to close
successfully on the common units offering and to use the net proceeds as
indicated in this news release.
See “Risk Factors” in Western Gas
Partners’ 2008 Annual Report on Form 10-K, as amended, and other public
filings and press releases.
Except as required by law, Western
Gas Partners undertakes no obligation to publicly update or revise any
forward-looking statements.

The rest is here:

Western Gas Partners, LP Prices Public Offering of 6,000,000 Common Units (Business Wire)

 

Stocks to Watch

Prev Next

Get tougher on international trading - r…

Get tougher on international trading - regulator

CFTC Chairman Gary Gensler said the JP Morgan Chase losses highlight the need for tough international rules on financial trades.WASHINGTON (CNNMoney) -- A top regulator said on...

Administrator - avatar Administrator 21 May 2012 Hits:2 Finance News

Read more

Stocks rebound on Europe hopes

Stocks rebound on Europe hopes

Click on chart to track stocksNEW YORK (CNNMoney) -- U.S. stocks bounced back Monday, after closing one of the worst weeks of the year, on renewed optimism...

Administrator - avatar Administrator 21 May 2012 Hits:2 Finance News

Read more

Stocks get an early blue-chip boost

Stocks get an early blue-chip boost

U.S. stocks edged higher at the start of trading Monday on optimism over Europe.NEW YORK (CNNMoney) -- U.S. stocks edged higher Monday, after closing out one of...

Administrator - avatar Administrator 21 May 2012 Hits:2 Finance News

Read more

Facebook stock falls below IPO price

Facebook stock falls below IPO price

Click chart for more on Facebook's stockNEW YORK (CNNMoney) -- Facebook's stock slid below its offering price in premarket trading Monday, following a lackluster day of trading...

Administrator - avatar Administrator 21 May 2012 Hits:2 Finance News

Read more

Fiscal cliff: Market sting may come soon…

Fiscal cliff: Market sting may come sooner

The sky over the Capitol may be clear. But the same can't be said about how Congress will handle the fiscal cliff.NEW YORK (CNNMoney) -- As...

Administrator - avatar Administrator 21 May 2012 Hits:3 Finance News

Read more

How Iran could double its oil output

How Iran could double its oil output

Many analysts think Iran could double its oil output to nearly 7 million barrels per day. The catch is lifting sanctions.NEW YORK (CNNMoney) -- As Iran continues...

Administrator - avatar Administrator 21 May 2012 Hits:3 Finance News

Read more

What's next for Greece

What's next for Greece

It's becoming increasingly likely Greece will be forced to drop the euro.NEW YORK (CNNMoney) -- Efforts to keep Greece out of default and in the eurozone grow...

Administrator - avatar Administrator 21 May 2012 Hits:3 Finance News

Read more

JPMorgan Chase loss only going to get wo…

JPMorgan Chase loss only going to get worse

An overall drop in the market is exacerbating JPMorgan's losses tied to its bets on corporate bonds.NEW YORK (CNNMoney) -- One thing seems clear about JPMorgan...

Administrator - avatar Administrator 20 May 2012 Hits:5 Finance News

Read more

Nasdaq 'embarrassed' by Facebook glitche…

NEW YORK (CNNMoney) -- The chief executive of Nasdaq OMX said he was "embarrassed" after technical glitches caused Facebook's widely-anticipated IPO to be delayed Friday, according to several news reports.Issues...

Administrator - avatar Administrator 20 May 2012 Hits:4 Finance News

Read more

Stocks: Storm clouds still gathering ove…

Stocks: Storm clouds still gathering over Greece

The S&P 500 has tumbled more than 7% in May already, and is on track for its worst monthly performance since May 2010, the month when...

Administrator - avatar Administrator 20 May 2012 Hits:6 Finance News

Read more

Facebook trading sets record IPO volume

Facebook trading sets record IPO volume

Facebook CEO and founder Mark Zuckerberg rang the opening bell remotely, from company headquarters in California.NEW YORK (CNNMoney) -- Facebook's stock market debut finally came and went...

Administrator - avatar Administrator 18 May 2012 Hits:13 Finance News

Read more

Facebook: Many mutual funds already have…

Facebook: Many mutual funds already have a stake

Facebook may only be making its public debut Friday but nearly 70 mutual funds have already snapped up pre-IPO shares on private markets.NEW YORK (CNNMoney) -- Whether...

Administrator - avatar Administrator 18 May 2012 Hits:12 Finance News

Read more

Anti-social: Zynga tumbles after Faceboo…

Anti-social: Zynga tumbles after Facebook IPO

Click the chart to track shares of Zynga.NEW YORK (CNNMoney) -- Social media stocks just aren't feeling the love, despite Facebook's highly-anticipated stock market debut. Shares of...

Administrator - avatar Administrator 18 May 2012 Hits:12 Finance News

Read more

Stocks: Global fear trumps Facebook debu…

Stocks: Global fear trumps Facebook debut

Click on chart to track marketsNEW YORK (CNNMoney) -- U.S. investors resumed focus on the global issues plaguing world markets Friday, following a brief euphoric pop from...

Administrator - avatar Administrator 18 May 2012 Hits:10 Finance News

Read more

Enough on Facebook! Buy Google or Apple

NEW YORK (CNNMoney) -- Facebook is finally trading. And even though the stock didn't explode out of the gate, the company is still worth more than $100 billion. It shouldn't...

Administrator - avatar Administrator 18 May 2012 Hits:15 Finance News

Read more

Facebook: 70 mutual funds already have a…

Facebook: 70 mutual funds already have a stake

Facebook may only be making its public debut Friday but nearly 70 mutual funds have already snapped up pre-IPO shares on private markets.NEW YORK (CNNMoney) -- Whether...

Administrator - avatar Administrator 18 May 2012 Hits:12 Finance News

Read more

Facebook IPO trading opens at $42

Facebook IPO trading opens at $42

Facebook founder Mark Zuckerberg rang the opening Nasdaq bell from Facebook's headquarters in California.NEW YORK (CNNMoney) -- Facebook's stock market debut is finally here -- and investors...

Administrator - avatar Administrator 18 May 2012 Hits:13 Finance News

Read more

Stocks: Europe fears vs. Facebook antici…

Stocks: Europe fears vs. Facebook anticipation

Click on chart to track marketsNEW YORK (CNNMoney) -- U.S. investors continue to worry about Europe's sovereign debt issues, with stocks opening little changed ahead of Facebook's...

Administrator - avatar Administrator 18 May 2012 Hits:14 Finance News

Read more

Stocks: Europe fears vs. Facebook

NEW YORK (CNNMoney) -- U.S. investors continue to worry about Europe's sovereign debt issues, with stocks opening little changed ahead of Facebook's debut on the Nasdaq.The Dow Jones industrial average...

Administrator - avatar Administrator 18 May 2012 Hits:14 Finance News

Read more

Stocks: Europe fears vs. Facebook

NEW YORK (CNNMoney) -- U.S. investors continue to worry about Europe's sovereign debt issues, with stocks opening little changed ahead of Facebook's debut on the Nasdaq.The Dow Jones industrial average...

Administrator - avatar Administrator 18 May 2012 Hits:0 Finance News

Read more

Pre-Marketing: HP cuts deep

Pre-Marketing: HP cuts deep

From Cookistry.com * Chainsaw Meg: HP to cut 25,000 jobs * Income inequality: The talk TED won't let you see * Roger Ehrenberg: Is Facebook the next Blackstone? * Economist: Time to prepare for Greece's departure *...

Administrator - avatar Administrator 18 May 2012 Hits:14 Finance News

Read more

Europe fears pressure world markets

Europe fears pressure world markets

NEW YORK (CNNMoney) -- European markets were mixed Friday as investors remained anxious about Spanish and Greek banks, while Asian stocks sold off sharply amid worries of...

Administrator - avatar Administrator 18 May 2012 Hits:13 Finance News

Read more

Stocks: Facebook IPO vs. Europe worries

Stocks: Facebook IPO vs. Europe worries

Click on graphic for more premarket dataNEW YORK (CNNMoney) -- U.S. stocks were poised for a mixed open Friday as investor excitement over the Facebook initial public...

Administrator - avatar Administrator 18 May 2012 Hits:16 Finance News

Read more

Why Facebook won't start trading at the …

Why Facebook won't start trading at the opening bell

Want to buy a share of Facebook? You'll have to wait an hour or so after the opening bell to do it.NEW YORK (CNNMoney) -- The most...

Administrator - avatar Administrator 17 May 2012 Hits:15 Finance News

Read more

Why Facebook won't start trading at the …

Why Facebook won't start trading at the opening bell

Want to buy a share of Facebook? You'll have to wait an hour or so after the opening bell to do it.NEW YORK (CNNMoney) -- The most...

Administrator - avatar Administrator 17 May 2012 Hits:0 Finance News

Read more

Moody's downgrades Spanish banks

Moody's downgrades Spanish banks

The rating agency also downgraded four Spanish regions, two of them to junk.NEW YORK (CNNMoney) -- Rating agency Moody's downgraded 16 Spanish banks on Thursday, the latest...

Administrator - avatar Administrator 17 May 2012 Hits:13 Finance News

Read more

Moody's downgrades Spanish banks

Moody's downgrades Spanish banks

The rating agency also downgraded four Spanish regions, two of them to junk.NEW YORK (CNNMoney) -- Rating agency Moody's downgraded 16 Spanish banks on Thursday, the latest...

Administrator - avatar Administrator 17 May 2012 Hits:0 Finance News

Read more