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Western Gas Partners prices $750M senior notes offering

Western Gas Partners LP priced an offering of $400 million of 4.75% senior notes due 2028 and $350 million of 5.50% senior notes due 2048 at 99.818% and 98.912% of their face value, respectively.

The partnership will use the net proceeds from the transaction to repay its maturing 2.600% senior notes due 2018, pay down revolver debt, and for general partnership purposes such as CapEx, according to an Aug. 7 news release.

The offering is expected to close Aug. 9.

Wells Fargo Securities LLC, PNC Capital Markets LLC, RBC Capital Markets LLC and U.S. Bancorp Investments Inc. are acting as joint book-running managers for the offering.